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Need to Know
U.S. to drop charges against ex-J.P. Morgan traders in London Whale case
The U.S. government on Friday dropped charges against two former derivatives traders at J.P. Morgan Chase & Co. --Javier Martin-Artajo and Julien Groupt--in the London Whale case, according to a statement from the U.S. Attorney for the Southern District of New York. The U.S. decided not to pursue the charges after it determined that it can no longer rely on the testimony of Bruno Iksil, a former colleague of the defendants. Iksil was one of the several at J.P. Morgan that were involved in a trading debacle that resulted in over $6 billion in losses for the bank. London Whale was a nickname given to Iksil by his competitors.
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Personal finance
![The dark side of cruises]()
The dark side of cruises
Since 2000, nearly 300 people have gone overboard from cruises and ferries.
![O.J. Simpson made over $400,000 while in prison and won’t have to give any of it to the Goldman family]()
O.J. Simpson made over $400,000 while in prison and won’t have to give any of it to the Goldman family
He earned the money from his NFL pension, which is protected by state law.
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Inside MarketWatch
If you care about the planet, don’t buy so much
Frugal living can solve many of society’s problems, writes Satyajit Das.
