JPMorgan accused hires lawyer

The trader at the centre of the criminal investigation surrounding JPMorgan's $5.8bn trading loss has hired a lawyer in Paris, sources said yesterday. Bruno Iksil, a French citizen and a former London-based trader in JPMorgan Chase & Co’s chief investment office, is under scrutiny for trades he made in an illiquid market for credit products that resulted in the bank's losses. Iksil became known in the derivatives market as the ”London Whale” for the size of the positions he took.