JPMorgan's CEO Calls Losses 'Indefensible'

by Jim Zarroli, NPR

The chief executive of JPMorgan Chase, Jamie Dimon, was on Capitol Hill Wednesday, where he tried to explain his company's recent multibillion-dollar trading losses. Dimon told the Senate Banking Committee that the losses were indefensible. He also said the company may try to recover some of the compensation paid to the traders who were responsible.

Broadcast Dates

• Morning Edition, June 14, 2012