Saturday, May 12, 2012

A black mark for survivor of financial crisis

 

FILE - In this Feb. 11, 2009 file photo, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, center, flanked by Goldman Sachs & Co. Chief Executive Officer and Chairman Lloyd C. Blankfein, left, and Bank of New York Mellon Chairman Chief Executive Officer Robert Kelly, are seen on Capitol Hill in Washington during a House Financial Services Committee hearing. Dimon had to face stock analysts and reporters on Thursday, May 10, 2012, and confess to a “flawed, complex, poorly reviewed, poorly executed and poorly monitored” trading strategy that lost a surprise $2 billion. (AP Photo/Lawrence Jackson, File)The reputation that Jamie Dimon honed for decades on Wall Street has been severely damaged in a matter of days.

A black mark for survivor of financial crisis
Sat, 12 May 2012 19:21:26 GMT

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