Jamie Dimon, chief executive of JPMorgan Chase, said he was “dead wrong” to dismiss questions over the risk-taking of his chief investment office shortly before reporting a $2bn loss in the division.
In an interview on national US television broadcast on Sunday, Mr Dimon said: “We told you something that was completely wrong a mere four weeks ago.”
Until the trading debacle, Mr Dimon was the last of Wall Street’s big beasts to retain his swagger after the 2008 crisis saw his contemporaries go down with the wreckage of their failed companies or retreat into private.
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