Whale hunt
Lehman Brothers Holdings is seeking to question Bruno Iksil, the former JPMorgan Chase trader known as the London Whale, about losses Lehman says spurred unnecessary collateral calls that helped force it into bankruptcy in September 2008.
Fire sale
Trump Plaza, the Boardwalk centerpiece of Donald Trump’s one-time Atlantic City empire, was sold to a California company for $20 million in the cheapest of a series of bargain-basement deals in the New Jersey resort.
Outta here
Jim Balsillie, Research In Motion’s former co-CEO, sold his remaining 5.1 percent stake in the company he helped found 20 years ago. RIM changed its name this year to BlackBerry.
Fed scrutiny
Banks and securities firms would have to step up their compensation disclosures under rules being mulled by the Fed, wsj.com reported.
JPMorgan cuts
JPMorgan Chase cut about two dozen US equities traders and sales staff after that unit’s revenue declined last year.
McGraw-Hill
McGraw-Hill, parent of ratings agency Standard & Poor’s, had its credit grade cut two steps, to Baa2 from A3, by Moody’s Investors Service.