Thursday, June 14, 2012

Jamie Dimon’s Senate Banking Committee testimony

Jamie Dimon testified on JPMorgan Chases' $2 billion trading loss on May 10, 2012, and business practices in the banking industry. Among the issues he addressed were the bank bailouts following the 2008 financial crisis, banking regulations, and risk management. He also warned of a looming "fiscal cliff" when tax cuts and automatic spending cuts hit simultaneously.

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