JPMorgan trader "London Whale" leaves: source

LONDON, Jan 16 (Reuters) - JPMorgan Chase & Co has reached an out-of-court settlement over its lawsuit against the former boss of Bruno Iksil, the trader known as the "London Whale" for huge bets he took that cost the bank $6.2 billion, a person familiar with the matter said. Javier Martin-Artajo, who was Iksil's immediate supervisor, had been named as a defendant in a lawsuit filed at London's High Court on Oct. 22.

LONDON (Reuters) - Bruno Iksil, the JPMorgan Chase & Co trader known as the "London Whale", has left the bank, a person familiar with the situation said, in the wake of a trading scandal likely to have cost JPMorgan between $4 billion and $6 billion.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon sought to hide escalating trading losses that surpassed US$6.2 billion, misled investors and dodged regulators as a “monstrous” derivatives bet deteriorated last year, a Senate probe found.

A bunch of current and former JPMorgan Chase executives will head to Capital Hill this morning for a senate hearing on the "London Whale" trade that caused the bank to lose billions last year. 

NEW YORK (Reuters) - The former JPMorgan Chase & Cotrader known as the "London Whale" was not responsible for Lehman Brothers Holdings Inc's bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan said.

A trove of trader instant messages (IMs) and conversations from JP Morgan's CIO office are being made public.

By Shock Exchange:In early May JPMorgan Chase (JPM) reported $2 billion in trading losses on bets gone awry in the bank's Chief Investment Office.