Senate Investigates JPMorgan Whale Trades


Michael Cavanagh, co-chief executive officer of corporate and... News PhotoCorporate Business,Finance,Government,Horizontal,Investment,JP Morgan Chase,North America,Politics,Senior Management,Stock Market and Exchange,Talking,The Americas,The Media,Trader,Trading,USA,Washington DCPhotographer Collection: Bloomberg 2013 BloombergMichael Cavanagh, co-chief executive officer of corporate and investment bank with JPMorgan Chase & Co., speaks during a Senate Permanent Subcommittee on Investigations hearing in Washington, D.C., U.S., on Friday, March 15, 2013. JPMorgan Chase, the biggest U.S. bank by assets, compensated chief investment office traders in a way that encouraged risk-taking before the unit amassed losses exceeding $6.2 billion, a Senate committee said. Photographer: Andrew Harrer/Bloomberg via Getty Images