The Huffington Post  |  By 

London Whale To cost Jamie Dimon Arm and a LegJPMorgan Chase will likely slash the bonus of its CEO Jamie Dimon over the bank’s major trading loss earlier this year, according to a Wall Street Journal report.

JPMorgan’s board will weigh releasing an internal report this week that pins some of the fault for the bank’s “London Whale” trading loss earlier this year — which cost the company more than $6.2 billion — on Dimon, Bloomberg reports, citing “two people with direct knowledge of the matter.” What’s more, the board will likely cut Dimon’s bonus, the WSJ reports, citing “people close to the company.”

The bank and each member of its board declined to comment to Bloomberg. Dimondeclined to comment to the WSJ as did a JPMorgan spokesman.

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