The UK’s Financial Conduct Authority on February 9 said it had fined a former JP Morgan Chase executive £792,900 for “failing to be open and cooperative” with the regulator at the time of the so-called London Whale trades.
The FCA said Achilles Macris, the former head of CIO International for JP Morgan Chase Bank in London, failed to give it accurate information about the worsening situation of a credit portfolio he was responsible for in 2012.