Dimon: Doesn't know whether JPMorgan broke law
Save Email Print
Bookmark and Share
Posted: 2:05 PM May 11, 2012
Dimon: Doesn't know whether JPMorgan broke law
JPMorgan Chase CEO Jamie Dimon says he does not know whether the bank broke any laws in the surprise $2 billion loss by one of its trading groups.
Reporter: Associated Press
Email Address: tips@nbc11news.com
width:660 and height: 431 and picwidth: 239 and pciheight: 156
Font Size:

NEW YORK (AP) -- JPMorgan Chase CEO Jamie Dimon says he does not know whether the bank broke any laws in the surprise $2 billion loss by one of its trading groups.

In an interview with NBC's "Meet the Press," Dimon says regulators should look at the matter.

"We are totally open to regulators, and they will come to their own conclusions," he says. The full interview airs Sunday. Excerpts were released Friday by NBC.

Dimon says the bank was "sloppy" and "stupid" in its handling of the trades.

(COPYRIGHT 2012 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)