JPMorgan Chase CEO Jamie Dimon is on Capitol Hill again today (June 19), this time to talk to the House Financial Services committee about the bank's recent multibillion-dollar trading loss. According to his prepared testimony , Dimon plans to deliver basically the same  remarks he gave the Senate banking committee last week, apologizing but giving few details.
Charting the Cozy Connections between JP Morgan and the Senate Banking Committee, Cora Currier, ProPublica
This morning (June 13), Jamie Dimon, the CEO of JP Morgan Chase, faced a Senate hearing  over more than $2 billion in bank losses  caused by risky hedges that blew up. Dimon said  that the hedges—investments meant to protect the bank—had grown into “complex and hard-to manage risks.” The losses “let a lot of people down, and we are sorry for it.”