Bloomberg News

Dimon Says ‘The Buck Stops With Me’ on JPMorgan Trading Loss

June 13, 2012

Jamie Dimon, the chairman and chief executive officer of JPMorgan Chase & Co., said he deserves to be blamed for a $2 billion trading loss at the bank’s chief investment office.

“I’m absolutely responsible,” Dimon told the Senate Banking Committee today. “The buck stops with me.”

To contact the reporter on this story: Dawn Kopecki in Washginton at dkopecki@bloomberg.net;

To contact the editors responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net; David Scheer at dscheer@bloomberg.net


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus