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JPMorgan weighs actions on internal 'Whale' probes

Jan 14 2013 David Henry, Reuters

JPMorgan Chase & Co may release on Wednesday additional results of internal probes into its $6.2 billion "London Whale" trading loss that could lead to a lower bonus for CEO Jamie Dimon, according to published reports. On Wednesday the bank, the biggest in the United States by assets, is scheduled to report fourth-quarter and full-year results following a meeting of the board of directors on Tuesday. The board, which started its own review of the loss after it was revealed in May, plans to review bonuses for 2012 and is expected to dock Dimon's and that of Doug Braunstein, who was chief financial officer at the time of the debacle, the Wall Street Journal reported on Saturday, citing unnamed sources. The company is to release results from the board's probe, as well as a report of more than 50 pages on an internal investigation, the Journal said on its website. Bloomberg News reported that the board will consider on Tuesday whether to release the internal report. JPMorgan

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