US won’t prosecute ex-JPMorgan trader Iksil: source

The ex-JPMorgan Chase trader nicknamed “the London Whale” for his huge derivatives losses has reached a deal to avoid US prosecution, a source familiar with the situation said Tuesday.

via Business feed http://www.scmp.com/business/banking-finance/article/1296601/us-wont-prosecute-ex-jpmorgan-trader-iksil-source