Risk News

6/20/2012
Dimon, Testifying Before House, Stays on Message
By Jessica Silver-Greenberg, Ben Protess and Michael J. De La Merced

"Jamie Dimon, the chief executive of JPMorgan Chase, tussled with lawmakers on Tuesday in his second showdown in Washington since JPMorgan, the nation’s largest bank, disclosed a multibillion-dollar trading loss."

Annie's take:

Now that Jamie Dimon has completed testimony in front of both the House of Representatives and the Senate, regulators will once again attempt to fine tune both Dodd-Frank and the Volcker Rule. Though the questions were tougher yesterday for Dimon, the fact remains that JPMorgan Chase has a well-oiled lobbying machine in place.