2012 JPMorgan Chase trading loss - Wikipedia, the free encyclopedia:
"Javier Martin-Artajo
London
Reported to Macris, worked at Dresdner with him
Head of credit trading /credit-trading chief for the Chief Investment Office
Spaniard
Former Managing director and trader
No longer with the firm
Represented by attorney Greg Campbell http://www.mishcon.com/people/greg_campbell
per WSJ[22]
often began weekly global strategy sessions by saying he had little to say—and then discussed global economies at length in his thick Spanish accent.
urged Iksil to adjust valuation prices higher to conceal losses
"We should not be showing a certain amount of losses from the trades until we see where the market is going"
"I'd prefer" that a higher price be put on certain positions"
[exasperated] "These marks just don't make sense" [referring to lower prices assigned by brokers as received by the Valuation Group 2012_JPMorgan_Chase_trading_loss#Valuation_Control_Group
trading team had begun to doubt market prices and were convinced rivals were manipulating markets to the detriment of J.P. Morgan
"Hedge funds can't keep dictating these prices""
'via Blog this'
No comments:
Post a Comment