From his earliest days in high finance, J.P. Morgan was a hustler who often traded on the shady side. The bank that survives in his name inherited his pattern of committing multiple crimes and walking away scot-free. The latest? Getting shareholders to pay a banker’s $1 billion fine.
U.S. authorities may arrest two former JPMorgan Chase employees in connection with their alleged role in hiding $6.2 billion in losses in what became known as the “London Whale” scandal, two people familiar with the situation say.