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.”
JPMorgan CEO to Testify Before Congress
HeadlineJun 13, 2012