What was the London Whale trade?
A series of derivative transactions involving credit default swaps (CDS) were entered, reportedly as part of the bank’s “hedging” strategy. Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market. An estimated trading loss of $2 billion was announced.
What happened in the London whale incident?
Initially, by the end of the week on May 11, 2012 when the firm held a hastily convened conference call regarding transparency around the London Whale trades, JP Morgan suffered a loss of 14.4 billion from its market capitalization as its stock price fell 11.47% in two days (Ebrahimi, Aldrick & Wilson, 2012).
Where is the London Whale now?
Bruno Iksil, the former City trader known as the “London Whale”, has spent the past five years at home with his family in France, about 50 miles south of Paris. He runs, cycles or swims each day. He plays card games with his kids and helps with their homework.
Where is Bruno Iksil now?
Was Bruno Iksil fired?
Iksil was fired, along with Macris and Martin-Artajo. Drew retired. But the damage was done: In June, the bank disclosed SCP losses of $4.4 billion, a figure that swelled to $6.2 billion by the end of 2012.
What happened to Bruno Iksil?
Bruno Iksil achieved Wall Street notoriety with one of the worst trades in history. He lost $6.2 billion — more than three times the yearly budget of the Securities and Exchange Commission — placing risky bets on complex financial instruments while working for JPMorgan Chase.
What are the common errors in Excel and explain?
List of Common Excel Error Values:
| Error Value | Meaning |
|---|---|
| #DIV/0! | Division by 0 or blank cell. (eg:=9/0, or =A2/0) |
| #N/A | Not Available or No ValueAvailable |
| #NAME? | Text in the formula is not recognized |
| #NULL! | It means when the two or more cell references are separated incorrectly or unintentionally by a space in a formula. |
What is spreadsheet risk?
Spreadsheet risk is the impact on a business caused by undetected mistakes, errors and omissions in vital spreadsheets that a company depends on for things like cost management. As this can directly affect a business’s revenue, it’s integral that companies protect themselves against spreadsheet risk.
Why Iksil group?
Iksil Group creates value by the performance of teachable and repeatable actions that increase the worth of a business to its targeted customer. We help companies create of a unique system of activities that establishes a sustainable, competitive advantage to win.
What is another word for trade?
other words for trade. MOST RELEVANT. business. commerce. contract. deal. enterprise. exchange. industry.
What is the Iksil alignment system?
The key is an alignment system, centered on the Leadership Team, as to where it’s going, what must get done and holding them accountable to get it done. Iksil Group creates value by the performance of teachable and repeatable actions that increase the worth of a business to its targeted customer.