Thursday, May 17, 2012

JPMORGAN SAYS DIMON TO AGREE TO TESTIFY TO SENATE BANKING COMMITTEE


Jamie Dimon, JPMorgan Chase & Co. (JPM)’s chief executive officer, agreed to testify before a Senate committee on the company’s $2 billion loss as lawmakers debate whether to tighten rules on trading by U.S. lenders.

Dimon was asked to appear after the Senate Banking Committee concludes hearings on industry reforms in June, according to a statement from Chairman Tim Johnson, a South Dakota Democrat.




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