Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

JPMorgan Traders Wagered Against London Whale Bets, Reuters Says

JPMorgan Chase & Co. traders placed bets on the opposite side of a derivatives position that led to more than $6.2 billion in losses, and U.S. Senate investigators are reviewing how that happened, Reuters reported.

The U.S. Senate Permanent Subcommittee on Investigations is looking into how different units within the New York-based bank ended up on opposites sides of the same trade, the news service said today, citing an unidentified person familiar with the matter. The opposing trades were much smaller than the money-losing position, Reuters reported, without specifying the value.

Kristin Lemkau, a spokeswoman for JPMorgan, and Elise Bean, staff director for the Senate panel, declined to comment.

A report by the committee, led by U.S. Senator Carl Levin, a Michigan Democrat, probably will be released in coming weeks, people with knowledge of the matter said earlier this month.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.