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| JPMorgan Chase Tower (Photo credit: Kent Wang) |
Federal authorities are investigating an allegation that some of the bank's traders in London may have tried to hide hefty losses, and JPMorgan is conducting an internal probe.
Peter Weiland, who was head of risk at JPMorgan's Chief Investment Office from late 2008 until the beginning of 2012, is one of at least six people associated with the case who have hired attorneys. He has been reassigned by the bank to a new risk control team at the overhauled Chief Investment Office where the loss occurred.
Weiland, who is based in New York, did not return requests for comment, and his lawyer declined to comment.
Of the six people who have hired attorneys, all but Weiland have either been fired by the bank or left on their own accord.... Continue to read.
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