Investigation into Situational Awareness's downfall expands Jane Street was an investor in Leopold Aschenbrenner's fund, and lost $15B in July when the AI selloff took the fund down with it JPMorgan was one of Situational Awareness's key lenders. Last month it cut the fund off entirely, ending its lending relationship after the losses Now the Fed and the Bank of England are asking global banks how exposed they are to trading firms like Jane Street and Citadel Securities, the firm that bought Aschenbrenner's portfolio in the fire sale, per FT Last month, the SEC already subpoenaed four of Wall Street's biggest banks over the collapse: • Goldman Sachs • JPMorgan • Citigroup • Bank of America The Fed, the Bank of England, and the SEC are all asking questions about the same fund now