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June 14, 2012

18:01 • 11 months ago

JPMorgan Chase: CEO tells Senate committee that no one is “too big to fail”

“Never, ever get complacent in risk.” That was JPMorgan Chase CEO Jamie Dimon’s reply to Alabaman Senator Richard C. Shelby during his testimony before the Senate Banking Committee. Dimon willingly submitted to questions, regarding $2 billion in losses suffered by the bank’s investment division, from the committee Wednesday. source

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