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June 19, 2012

Regulators Join Dimon at House Panel Hearing

” Jamie Dimon, the outspoken chief executive of JPMorgan Chase, is returning to Washington to face another round of questions about his bank’s multibillion-dollar trading loss.

Less than a week after he appeared at a relatively tame hearing of the Senate Banking Committee, Mr. Dimon is set to testify on Tuesday before the House Financial Services Committee. He is sticking to the same script. Once again, he will apologize for the misstep while playing down its effect on the bank and the broader financial system.

This time, Mr. Dimon will have company. The committee will also hear from the bank’s regulators, including the comptroller of the currency and the general counsel of the Federal Reserve.

Both regulators, who will be joined by the leaders of the Securities and Exchange Commission and the Commodity Futures Trading Commission, are under fire concerning their oversight. “

Read Ben Protess and Jessica Silver-Greenberg’s full article here

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