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June 13, 2012

Trade
Morning Brief: Dimon to Call Bad Trades an “Isolated Event”

JPMorgan Chase CEO Jamie Dimon will testify before the Senate’s banking committee today on his firm’s recent unexpected trading losses (TheHill). In his prepared remarks, Dimon will be apologetic, bu…

JPMorgan Chase CEO Jamie Dimon testifies before the Congressional Financial Crisis Inquiry Commission, as Goldman Sachs CEO Lloyd Blankfein looks on in January 2010 (Kevin Lamarque/Courtesy Reuters).