Chase Ceo Says Bank 'strong' After $2b Loss

Chase CEO says bank 'strong' after $2B loss NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon is reassuring the bank's employees that the company is "very strong." In a letter sent to employees late Thursday that was obtained by The Associated Press, Dimon says no customers suffered as a result of the bank's mistakes.

BING NEWS:
  • Some executives will ‘pay’ for $2B loss, says JPMorgan CEO
    WASHINGTON — JPMorgan Chase CEO ... bank has named a new leader for the investment operation that was responsible for the loss. A key regulator of JPMorgan, Thomas Curry, the U.S. comptroller of the currency, suggested last week that the bank lacked ...
    06/13/2012 - 11:46 am | View Link
  • JPMorgan Chase CEO tells Congress senior executives will 'likely' lose pay over $2B trading losses
    WASHINGTON — JPMorgan Chase CEO Jamie Dimon told Congress this morning that senior ... suggested last week that the bank lacked strong controls to contain risk in its investment operations. And The Wall Street Journal reported Tuesday that some senior ...
    06/13/2012 - 8:09 am | View Link
  • JPMorgan CEO to testify on $2B-plus trading loss
    WASHINGTON (AP) -- Jamie Dimon, chief executive of the largest U.S. bank, will be asked Wednesday to explain how JPMorgan Chase lost more than $2 billion ... suggested last week that the bank lacked strong controls to contain risk in its investment operations.
    06/13/2012 - 7:48 am | View Link
  • 'There was good intent': JPMorgan's Jamie Dimon APOLOGIZES while explaining $2B loss to Congress amid protesting hecklers
    JPMorgan Chase & Co Chief Executive ... but said he didn't know. The CEO said that JPMorgan adopted a strategy late last year to reduce risk, but it backfired in its investment operation by heightening risk instead. The bank has named a new leader for ...
    06/13/2012 - 7:12 am | View Link
  • JPMorgan CEO questioned by Congress on $2b trading loss
    WASHINGTON (AP) — JPMorgan Chase CEO ... bank has named a new leader for the investment operation that was responsible for the loss. A key regulator of JPMorgan, Thomas Curry, the US comptroller of the currency, suggested last week that the bank lacked ...
    06/13/2012 - 4:24 am | View Link
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