Federal prosecutors said they will drop charges against two former J.P. Morgan Chase & Co. traders at the center of the 2012 “London Whale” saga, ending the last U.S. criminal case against traders involved in a debacle that cost the New York bank more than $6 billion. In filing to dismiss charges that it brought four years ago, the Manhattan U.S. Attorney’s office on Friday cited a collapse in the credibility of a lead witness, Bruno Iksil, the former J.P. Morgan trader who came to be known as the London whale for his...

Source: Wall Street Journal July 21, 2017 23:19 UTC