Talk about taking your punishment like a man, according to
Politico, JP Morgan Chase CEO Jamie Dimon will be called to testify before the
Senate Banking Committee in the coming weeks, the panel’s chairman announced
Thursday — and Dimon plans to accept.
Sen. Tim Johnson (D-S.D.) said Dimon – whose firm has been
under intense scrutiny after the billions of trading losses it sustained – will
be invited to speak before his committee after it holds a pair of hearings on
Wall Street oversight. “Our due
diligence has made it clear that the Banking Committee should hear directly
from JPMorgan Chase’s CEO Jamie Dimon,” Johnson said in a statement Thursday.
Dimon will agree to appear before the panel, a company
spokeswoman said. “As always, we will
continue to be open and transparent with our regulators and Congress,” said the
spokeswoman, Jennifer Zuccarelli.
Read more: http://www.politico.com/news/stories/0512/76454.html#ixzz1vWB4DkXS
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