JPMorgan CEO Jamie Dimon 'sorry' for $2bn trading loss


JPMorgan Chase chairman and chief executive Jamie Dimon has apologised for the bank's $2bn (£1.3bn) losses on high-risk trades.

"We have let a lot of people down, and we are sorry," he said, testifying to the US Senate Banking Committee on Wednesday.

Mr Dimon said the losses occurred because traders were poorly managed and did not understand what they were doing.

Full story: JP Morgan boss sorry for losses

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.