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JPMorgan CEO to Testify Before Congress

HeadlineJun 13, 2012

The news comes as Jamie Dimon is set to testify before the Senate Banking Committee today on JPMorgan’s risky trades. Dimon has been a key critic of reform proposals to restore the separation between banks and commercial trading. In prepared testimony released ahead of his appearance, Dimon says: “We will not make light of these losses, but they should be put into perspective. We will lose some of our shareholders’ money – and for that we feel terrible – but no client, customer or taxpayer money was impacted in this incident.”

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