It's interesting that the executives were fired before the traders, but it is official, Bruno Iksil has been fired by JPMorgan. Meanwhile, the bank made money this quarter, even allowing for Iksil's remarkably unhedged loss, which is curently calculated at $5.8 billion. If Iksil retires - and finance is all about second chances, so he probably won't - I would predict that putting on the trade that lost the most money ever might get him invited to a lot of London cocktail parties.
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