``U.S. authorities are trying to determine whether traders in the bank's London office, including Iksil, took steps to try and hide some of the losses the bank was incurring on a series of complex derivatives trades. In the trading community in London, Iksil became known as the London Whale because of the large positions he and his colleagues were taking on.

Grout is still working for JPMorgan, according to a bank spokeswoman. He has declined to comment, she said.

He has retained a lawyer in connection with the investigation, the sources said.''

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