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Dimon's Own Words on JPMorgan Trading Loss, Europe


June 19, 2012 5:44 PM EDT Jamie Dimon, chief executive officer of JP Morgan Chase & Co., offers his views on the bank's trading loss of at least $2 billion. Dimon, testifying before the House Financial Services Committee in Washington, told lawmakers that JPMorgan's decision to change how it measures trading worsened rather than triggered the loss. Representatives Judy Biggert, an Illinois Republican, and Democrats Barney Frank of Massachusetts and Brad Sherman and Maxine Waters of California also speak. (Excerpts. Source: Bloomberg) (Bloomberg)

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