JP Morgan CEO to face shareholders

The CEO of JP Morgan Chase will face shareholders today in the wake of a trading blunder that cost them $2bn.

Tue, 15 May, 2012 - 11:54

The CEO of JP Morgan Chase will face shareholders today in the wake of a trading blunder that cost them $2bn.

The bank's stock dropped 10% on Friday, the day after Jamie Dimon disclosed the mistake.

President Barack Obama said JP Morgan Chase's loss demonstrates the need for the Wall Street rules that Congress passed two years ago.

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