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January 11, 2013

Jamie Dimon: JPMorgan Executives 'Acted Like Children' After London Whale Loss

Jamie Dimon isn’t happy with some of his employees.

The CEO of JPMorgan Chase chastised his own executives on Monday, deriding the way some of his top employees handled the bank’s “London Whale” trading loss last year, which cost the bank $6.2 billion and brought unwanted scrutiny from the government and media.

“Instead of helping, they were running around with their head chopped off. ‘What does this mean for me personally? How’s my reputation?'” Dimon said at a JPMorgan conference, Bloomberg reports. Overall, they “acted like children,” he said.”


Read full Huffington Post article here

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