At the House Financial Services Committee hearing Tuesday on “Examining Bank Supervision and Risk Management in Light of JPMorgan and Chase’s Trading Loss,” JPMorgan chairman and CEO Jamie Dimon defends JPMorgan against sharp criticism from Rep. Gary Ackerman (D-NY), citing all of the positive moves JPMorgan has done for the economy including bankrolling failing corporations. [...]
Tag Archives: Big Banks
Rep. Questions Dimon’s Lack Of Knowledge On Investments
At Tuesday’s House Financial Services Committee hearing on “Examining Bank Supervision and Risk Management in Light of JPMorgan and Chase’s Trading Loss,” Wisconsin Republican Sean Duffy challenged JPMorgan chairman and CEO Jamie Dimon’s belief that regulators ought to be able to sort through the millions of financial transactions executed each day after Dimon admitted in the past that [...]
JP Morgan’s Dimon: Wall Street Should Pay For Industry Failure
At the House Financial Services Committee hearing Tuesday on “Examining Bank Supervision and Risk Management in Light of JPMorgan and Chase’s Trading Loss,” JPMorgan chairman and CEO Jamie Dimon stated that the banks should pay for their failure, not taxpayers. [audio:http://trns.s3.amazonaws.com/wp-content/uploads/2012/06/20120619DimonWallStreetTriesHard1.mp3]
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