JPMorgan CEO arrives to testify before Congress

WASHINGTON (AP) -- Jamie Dimon, chief executive of the largest U.S. bank, will be asked Wednesday to explain how JPMorgan Chase lost more than $2 billion on risky trades and whether its executives failed to properly manage those risks....

Jamie Dimon, chief executive of the largest U.S. bank, will be asked Wednesday to explain how JPMorgan Chase lost more than $2 billion on risky trades and whether its executives failed to properly manage those risks.

By Valuentum: On Wednesday, JP Morgan Chase (JPM) CEO Jamie Dimon went before Congress to testify about his firm's recent large trading loss. Although the loss isn't huge relative to the firm's enormous balance sheet, we think the hedging gone wrong at America's premier bank underscores the larger issues with the industry

A Senate panel says JPMorgan Chase's CEO Jamie Dimon will testify June 13 about a disastrous trading loss that has renewed calls for tougher bank regulation.

An amusing scene in Davos this morning.