Morning Scan: U.K.'s 'London Whale' Hunt Off; U.S. Da...

Receiving Wide Coverage...

Calling Off the 'Whale' Hunt: At least in the U.K., the London Whale is off the hook. The U.K. Financial Conduct Authority said it will drop its investigation of Bruno Iksil, the Frenchman at the center of the fiasco in which JPMorgan Chase lost $6.2 billion on bad bets on derivatives. The Authority's internal panel of independent experts decided that it didn't have enough evidence to pursue a strong case. So, the Authority...