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Dimon faces tougher questions in House on $2B trading loss

June 19, 2012 in The Daily Republic

WASHINGTON (AP) JPMorgan Chase CEO Jamie Dimon had a much tougher reception Tuesday when he returned to Capitol Hill for a second round of questions over the bank’s $2 billion trading loss. Continue Reading

JPMorgan CEO says execs may have pay taken back

June 13, 2012 in The Daily Republic

WASHINGTON (AP) JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company.
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Sen. Johnson leads banking hearing on JPMorgan losses

June 13, 2012 in The Daily Republic

SIOUX FALLS (AP) Sen. Tim Johnson is questioning why the largest bank in the U.S. failed to have more risk controls in place, leading to more than $2 billion lost on trades. Continue Reading

SD’s ‘Tim’ meets Wall Street’s Dimon on Capitol Hill

June 12, 2012 in The Daily Republic

WASHINGTON Senate Banking Committee Chairman Tim Johnson, who has done most of his work away from the spotlight the past five years, won’t escape the glare of the TV lights when he takes the gavel to question JPMorgan Chase Chief Executive Officer Jamie Dimon about $2 billion in trading losses. Continue Reading

Sen. Johnson calls JPMorgan CEO to banking committee

May 30, 2012 in The Daily Republic

WASHINGTON Sen. Tim Johnson has scheduled a hearing with JPMorgan Chief Executive Officer Jamie Dimon before the Senate Banking Committee. Johnson, D-S.D., is the chairman of the committee.
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