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JP Morgan CEO to apologise before US Congress

Last Updated: Wednesday, June 13, 2012, 11:04

Jamie Dimon, chief executive of JPMorgan Chase & Co may apologize before members of US Congress on Wednesday for a trading loss of over USD 2 billion, media reports said.

JP Morgan loss a risk management failure: Geithner

Last Updated: Wednesday, May 16, 2012, 12:26

The USD 2 billion loss by J P Morgan Chase is a failure of risk management, the US Treasury Secretary Timothy Geithner said, as the FBI launched an investigation into the issue.