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Business News/ Politics / News/  Bank order led to losing trades
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Bank order led to losing trades

Bank order led to losing trades

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Regulators in the US and UK are examining what went wrong, who is responsible and whether JP Morgan should have told investors about the losses sooner, according to people familiar with the matter.

While attention has focused on large positions taken by a trader nicknamed “the London whale", he and other traders were carrying out instructions from a bank executive, these people said.

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Published: 13 May 2012, 11:29 PM IST
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