JP Morgan boss admits he was 'dead wrong' over £1bn loss



JP Morgan chief Jamie Dimon admitted yesterday he was "dead wrong' to dismiss concerns over the toxic gambles which cost the bank £1.2billion as a "tempest in a teapot'.
On Thursday night the bank shocked the markets when it announced the losses, made by a team of London-based traders tasked with managing its risk.
Dimon now faces more searching questions from regulators in the US and UK.
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13 May 2012 in Business, Views: 6
Source: Daily Mail
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