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...
Q2 net sales dropped almost 50%
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected