Now Anonymous JPMorgan Execs Are Taking Shots At Jamie Dimon Over The Trading Loss

Business Insider:

Now Bloomberg’s Erik Schatzker, Dawn Kopecki and Bradley Keoun report that JPMorgan’s chief executive Jamie Dimon, who had a reputation for being one of the best risk managers, could have stepped in before it lost $2 billion but didn’t because he exempted the CIO office from strict oversight, according to unnamed execs at the bank.

From Bloomberg:

Dimon treated the CIO differently from other JPMorgan departments, exempting it from the rigorous scrutiny he applied to risk management in the investment bank, according to two people who have worked at the highest executive levels of the firm and have direct knowledge of the matter. When some of his most senior advisers, including the heads of the investment bank, raised concerns about the lack of transparency and quality of internal controls in the CIO, Dimon brushed them off, said one of the people, who asked not to be identified because the discussions were private.

One response to “Now Anonymous JPMorgan Execs Are Taking Shots At Jamie Dimon Over The Trading Loss

  1. Reblogged this on sandrakblog and commented:
    bully banksters who destroy the American familys and get away with it

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s