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Ex-JPMorgan trader Grout loses London Whale suit

FCA wins identity legal battle with former colleague of trader Bruno Iksil

Ex-JPMorgan trader Grout loses London Whale suit

A former JPMorgan trader has lost his multi-year legal fight over whether he was improperly identified by UK regulators in a 2013 report on the London Whale scandal.

A three-judge panel said in a judgment today that the Financial Conduct Authority did adequately anonymise former synthetic credit portfolio specialist Julien Grout in its report on the £138m penalty handed out to the bank.

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