Where Is The London Whale? Data Doesn't Show JPM Selling Most Of The Position.

The article presents an update on the losses incurred by the London Whale and JPMorgan's chief investment officer (CIO). The "New York Times" reported that the losses from the position could hit 9 billion dollars. JPMorgan Chief Executive Officer (CEO) Jamie Dimon disclosed that they would be patient in unloading the position in order to maximize shareholder value.