1. Former JPMorgan Exec Blames Others for 'Whale' Loss. Ina Drew, the former JPMorgan Chase executive in charge of the unit that made the disastrous "London Whale" trades that became public last year, told lawmakers on Friday that she does not bear personal responsibility for the $6 billion in losses. Instead, she blamed others for deceiving her, including her direct reports - Achilles Macris, who supervised the trading book at issue, and Javier Martin-Artajo, who managed it on a day-to-day basis.
2. Europe financial sector is fragile. Europe must do more to shore up its banks and take steps to create a banking union to protect itself against