BusinessJP Morgan was honest to shareholders over trading loss: CEO
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JP Morgan was honest to shareholders over trading loss: CEO
JPMorgan's trading loss has raised questions about whether regulators and Wall Street executives have a good handle on banking giants which only got bigger during the 2007-2009 financial crisis.
JPMorgan Chase Chief Executive Jamie Dimon insisted his bank was upfront with investors about its recent multibillion-dollar trading loss, as regulators examine whether JPMorgan hid a dramatic rise in risk-taking.