JPMorgan Chase reportedly has let go of the infamous "London Whale," Bruno Iksil, aka Voldemort, whose massive hedging bets led to a $2 billion loss which has reignited calls for more stringent controls on risky trading by banks.
The New York Times reported Wednesday that Iksil would be leaving the bank at an unspecified time. The newspaper attributed the news to unnamed current and former colleagues of Iksil.
If confirmed, Iksil would be another victim of the trading debacle at JPMorgan after the bank announced earlier this week that his boss, former Chief Investment Officer Ina Drew, resigned. Drew is being replaced by Matt Zames, who is the co-head of the bank's global fixed income unit.
Drew, 55, had worked for the bank for 30 years, rising to become one of Chairman and CEO Jamie Dimon's top lieutenants.
Two others are expected to step down: Achilles Macris, who headed the London-based team involved in the trade, and trader Javier Martin-Artajo.
