JPMorgan: Dimon Will Testify

Congressional panel invites CEO
By Evann Gastaldo,  Newser Staff
Posted May 18, 2012 2:09 AM CDT
JPMorgan: Dimon Will Testify
James 'Jamie' Dimon speaks during An Evening With the Fortune 500 at the New York Stock Exchange on May 7, 2012 in New York City.   (Getty Images)

It’s not a trial, but JPMorgan CEO Jamie Dimon will testify before Congress with regard to the bank’s $3 billion trading loss. "As always, we will continue to be open and transparent with our regulators and Congress," says a spokesman who confirms Dimon will appear before the US Senate Banking Committee following an invitation from the panel. No word yet on the exact date, but it will be some time after June 6, Reuters reports. (A Wall Street Journal report yesterday revealed that Dimon "couldn’t breathe" when he saw JPMorgan’s losses.)

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