JP Morgan Chase CEO: We Were ‘Sloppy,’ ‘Stupid’
JP Morgan Chase was “sloppy” and “stupid” in making moves that resulted in a $2 billion loss, according to bank chairman Jamie Dimon.
In a taped interview with NBC’s “Meet the Press,” Dimon acknowledged the nation’s largest bank erred in making trades that cost it billions of dollars in just six weeks.
“We know were sloppy. We know we were stupid. We know there was bad judgment,” he said.