There are indications that the Prosecutors are moving to charge two former JPMorgan Chase employees, who are accused of covering up multibillion-dollar trading loss.

According to a person closer to the matter, prosecutors are expected to charge Javier Martin-Artajo, a Spaniard who led the team that made the disastrous trades, and Julien Grout, a Frenchman responsible for recording and distributing daily values on the group's positions. The charges are not expected to be framed against Bruno Iksil, who made the trades earning him the nick name of the "London whale", as he has reached an settlement with the federal authorities to avoid criminal prosecution relating to the $6 billion trading loss.

There are indications that the suit against them would include criminal fraud charges. The pair, Javier Martin-Artajo, a manager who oversaw the trading strategy, and Julien Grout, a low-level trader in London, might also be extradited under an agreement with the government of the UK. Experts have said that the aggressive stance by the government might send a warning to the financial industry that the excessive risk talking and inappropriate behaviour might be acceptable in the future.