JPMorgan ‘London Whale’ Scandal Is More Proof It Doesn’t Pay To Be An Underling In Banking

As usual, it does not pay to be one of the little guys in banking.

U.S. authorities are reportedly hot on the trail of a couple of former JPMorgan Chase employees for their roles in the bank’s “London Whale” trading debacle. Both men, Javier Martin-Artajo and Julien Grout, are reportedly in Europe and may be out of the reach of U.K. and U.S. authorities trying to find them, according to The New York Times.

The bankers were also very near the bottom of the JPMorgan Chase totem pole, as you can see from the organizational chart below, which dates to 2012. (Story continues after graphic.)

 

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