Although I strongly disagree with Jamie Dimon about the value of large banks, I am disturbed about the furor that has swelled up in Congress over the size of the loss.
It's been a May to forget for a growing number of the financial world's best-known names, including JPMorgan Chase's Jamie Dimon, Nasdaq OMX's Bob Greifeld, Chesapeake Energy's Aubrey McClendon, JC Penney's Ron Johnson, and Yahoo's Scott Thompson. We want to know who you think has had the worst month? Answer our poll and leave some comments.
CNBC's Mary Thompson reports JPM's CEO, Jamie Dimon will give a keynote speech to analyst and institutional shareholders this morning at the Deutsche Bank Global Financial Services Conference, and has an update on the credentials of the former risk officer at the unit responsible for the $2 billion trading loss at JPMorgan.
The $2 billion trading loss at JPMorgan is attracting interest in Washington, and the company's CEO, Jamie Dimon is once again set to face investors today at the Financial Services Conference. Harvey Pitt, former SEC chairman, discusses some of the legal issues surrounding JPM's trading blunder, with Dick Grasso, former NYSE chairman & CEO.