JPMorgan Chase chief executive Jamie Dimon acknowledged Sunday that the bank “made a terrible, egregious mistake” by dismissing concerns about a $2 billion trading loss it disclosed last week. “We were dead wrong” to dismiss questions about reports that a trading group in London was taking outsize positions to hedge against risk and distorting the market, Dimon told NBC’s David Gregory in an interview that aired on “Meet the Press.” The bank’s actions were “sloppy and stupid,” he said. Read full article >>

BING NEWS:
  • Trump sent JPMorgan Chase CEO Jamie Dimon to voicemail when he called to congratulate him on Election Day win: report
    Dimon, the 68-year-old banking chief who has described himself as “barely a Democrat,” was forced to leave a voicemail, the New York Times reported.
    12/13/2024 - 9:10 am | View Link
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