AS recently as last month there were stories circulating about a JP Morgan derivatives trader who ran such huge positions that he was called The Whale. In more recent times the market had taken to calling him Lord Voldemort, or he who must not be named! The size of these positions has now come back to haunt JPM and there’s no Harry Potter in sight to take care of the evil one!
The market is worried now that the revelations might not be fully finished, especially when it comes to that infamous JP Morgan silver book!
