Tags: JPMorgan | CEO | Dimon | loss

JPMorgan CEO Dimon Doesn't Know Whether Bank Broke Law in Big Loss

Friday, 11 May 2012 05:14 PM

JPMorgan Chase CEO Jamie Dimon says he does not know whether the bank broke any laws in the surprise $2 billion loss by one of its trading groups.

In an interview with NBC's "Meet the Press," Dimon says regulators should look at the matter.

"We are totally open to regulators, and they will come to their own conclusions," he says. The full interview airs Sunday. Excerpts were released Friday by NBC.

Dimon says the bank was "sloppy" and "stupid" in its handling of the trades.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
85
2012-14-11
Friday, 11 May 2012 05:14 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved