Bank of England's Sharp says the 'London Whale' shows financial-stability risks of banks with huge pools of financial instruments.
By Jennifer Ryan, Bloomberg|June 04, 2013 at 12:13 PM
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Richard Sharp, a member of the Bank of England’s Financial Policy Committee (FPC), said the so-called London Whale losses at JPMorgan Chase & Co. illustrate the financial-stability risks posed by firms “too big to manage.”