Senate investigators held a hearing today on JPMorgan’s estimated $ 6.3 billion loss on risky trading connected to Bruno Iksil, a trader known as the “London Whale.” But new evidence from internal emails and phone calls suggests that even bigger fish may be involved.
Will this lead to more regulation of the big banks? FT Alphaville’s Cardiff Garcia and Fortune’s Leigh Gallagher discuss the Senate hearings in today’s Weekly Wrap, but they also offer some #longreads for the weekend.
Cardiff Garcia suggests:
- A scholar goes on the road to play a classic economics game — similar to the prisoner’s dilemma — with indigenous villagers, and winds up making a remarkable contribution to the study of how culture affects cognition.
- Wanna know what it’s really like to climb the ladder at an investment bank? The Epicurean Dealmaker explains what happens at each rung.
- The science of sleeplessness is a bit more strange than most people realize.
Leigh Gallagher has these reads:
- A look into the team behind Magic Johnson’s winning bid for the Los Angeles Dodgers — the Guggenheim Partners.
- Fortune’s Patricia Sellers explores the similiarities and differences between two of the most powerful women in business today: Yahoo’s Marissa Mayer and Facebook’s Sheryl Sandberg.
- And the New Yorker hitches a ride on a megacommute with Rebecca Davis O’Brien.
Check back later for more from the Weekly Wrap.
Will the London Whale lead to more bank regulation?
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