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How Jamie Dimon Kept JPMorgan Trouble Under Wraps

posted: 11 months ago

Bloomberg's Erik Schatzker and Stephanie Ruhle report that as traders racked up $2bn in losses, JPMorgan CEO Jamie Dimon treated the CIO differently from other JPMorgan departments.

Dimon is said to have exempted 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.

They speak on Bloomberg Television's Inside Track.

Source: Bloomberg

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