U.S. prosecutors have charged two former JPMorgan Chase employees, Javier Martin-Artajo and Julien Grout, for their role in the “London Whale” scandal. The charges are a milestone in the government’s response to what has been an embarrassing and costly episode for the biggest U.S. bank, which still faces the prospect of civil charges. But it once again places the heaviest legal burden on players fairly low in the bank’s hierarchy. The bank and its top executives will likely suffer relatively small financial penalties, at worst. More in the Huff Post here.
