Dimon Says JPMorgan Made an 'Egregious Mistake' Jamie Dimon, chief of JPMorgan Chase, said in an interview that he was "dead wrong" when he dismissed concerns about the bank's trading a month before it disclosed a $2 billion loss. JPMorgan's Demon beached by a whale He was once the Wall Street banker the president turned to, but now Jamie Dimon finds himself beached. Jamie Dimon: 'I Was Dead Wrong' Its not often that Jamie Dimon publicly says he is dead wrong. But that is exactly what he did this morning on Meet Press. JP Morgan $2 billion loss stirs memories of 2008 crisis JP Morgan CEO Jamie Dimon dubs losses 'egregious,' but market analysts expect that, this time, the damage will not spread to the entire financial system. JPMorgan CEO Jamie Dimon: I was 'dead wrong' about trading concerns JPMorgan Chase CEO Jamie Dimon said he was 'dead wrong' when he dismissed concerns about the bank's trading last month. The bank disclosed a $2 billion loss last week. JPMorgan CEO says bank reacted badly to red flags JPMorgan Chase & Co CEO Jamie Dimon said his bank reacted badly to warning flags last month that it had large losses in financial derivatives trading, a $2 billion embarrassment that has given banking ... The day JP Morgan's Jamie Dimon lost his sparkle Breathtaking risk failures at JP Morgan have left the bank's reputation on the edge. JPMorgan CEO: Bank reacted badly JPMorgan Chase & Co CEO Jamie Dimon said his bank reacted badly to warning flags last month that led to a $2 billion embarrassment giving banking regulators new ammunition. Jamie Dimon: We Took Far Too Much Risk The saga involving Jamie Dimon and JPMorgan's $2 billion of trading losses continued on Sunday. Dimon Apologizes for Mistakes; Lieberman Announces Secret Service Hearing JPMorgan Chase boss Jamie Dimon appeared on NBC's Meet the Press and owned up to his company's mistakes following the disclosure of its $2 billion loss. "We made a terrible, egregious mistake and there's almost no excuse for it," Dimon said. Dimon said the company was very defensive when the news first broke, and apologized for dismissing the issue as a "tempest in a teapot." "I was dead wrong ...
Key Words: jamie dimon
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http://www.forbes.com/sites/afontevecchia/2012/05/03/jamie-dimon-obamas-persecution-of-oil-speculators-is-ridiculous/
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http://pixelhat.net/
Monday, May 14, 2012
Jamie Dimon makes a drama out of credit crisis JPMorgan's Big Loss Volcker's Not So Dumb After All On The 1% Hey Occupy Wall St We're Bad Why It Matters That JPMorgan Lost $2 Billion Trading In Six Weeks Obama's Persecution Of Oil Speculators Is 'Ridiculous' Needs A Lecture From Goldman CEO Lloyd Blankfein OpEd Columnist We Regulate Says Made an ‘Egregious Mistake’ Dimon's 'Meet the Press' Appearance Mired in Controversy DealBook Stains Chief One Banking's Top Risk Managers Debacle Chorus Criticism Sources execs expected to resign over loss Faces Losses Hedged Bet Gone Wrong I was 'dead wrong' about trading concerns Before Was Volcker Rule's Fiercest Foes toughest guy on Street News Headlines Yahoo! Resign Reports Say Philly Deals loses his luster black
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