Jamie Dimon faces a grilling from shareholders when JPMorgan Chase & Co convenes its annual meeting. |||
Jamie Dimon faces a grilling from shareholders when JPMorgan Chase & Co convenes its annual meeting on Tuesday, just days after disclosing it lost billions of dollars in trading that was supposed to protect the mammoth bank from risk. The meeting, at the bank's back-office complex in Tampa, Florida, will give investors their first crack at the CEO since he revealed on Thursday that a soured hedging strategy had cost at least $2 billion, and possibly much more.
Despite Jamie Dimon's recent apologies about the losses - which will most likely be repeated on Tuesday as JPMorgan shareholders gather for the company's annual meeting in Tampa, Fla. - regulators will scrutinize risk management at ... Read Post
Days after disclosing a $2 billion trading loss, JPMorgan Chase's chief executive, Jamie Dimon, will face shareholders at the bank's annual meeting in Tampa, Fla., which could signal a shift in investors' attitudes. Read Post