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March 18, 2013

Trading Hearings Put Focus Back on JPMorgan’s Chief

“Jamie Dimon, the influential chief of JPMorgan Chase, watched from New York on Friday while in Washington his top lieutenants were questioned by a Senate panel over a multibillion-dollar trading loss.

An uncomfortable spotlight has swung back on Mr. Dimon all the same, as the hearing and the panel’s report detailed his role in the trading blowup, potentially creating fresh challenges for a chief executive long praised for his risk-management prowess.

The 57-year-old chairman and chief executive of the nation’s largest bank is unlikely to face a serious threat to his power at a time when he is reporting record profits.”

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Read full New York Times article here

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