Bloomberg News

Dimon Says He Was ‘Dead Wrong’ in April About Trading Loss

June 13, 2012

JPMorgan Chase & Co. (JPM:US) Chief Executive Officer Jamie Dimon said he was “dead wrong” in April when he dismissed reports about trading losses as a “tempest in a teapot.”

Dimon made the comment today to the Senate Banking Committee.

To contact the reporter on this story: Dawn Kopecki in Washington at;

To contact the editors responsible for this story: Maura Reynolds at; David Scheer at

Cash Is for Losers

Companies Mentioned

  • JPM
    (JPMorgan Chase & Co)
    • $60.32 USD
    • 0.02
    • 0.03%
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