The Financial Conduct Authority has fined Achilles Macris, former head of CIO International for JPMorgan Chase Bank, £792,900 for his involvement in the so-called ‘London Whale' trades.
Macris was responsible for a number of portfolios at the company, including the Synthetic Credit Portfolio, at a time when it experienced trading losses of around $2bn following a series of derivative...
Moves to overweight equities and fixed income
The Big Interview: Focus on ethical investment
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'No control or oversight'
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