Dimon to apologize in testimony before Congress

Published June 12, 2012 9:39pm ET



NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon plans to apologize before members of Congress on Wednesday for a trading loss of more than $2 billion and to say that the bank has taken steps to make sure it does not happen again.

“We have let a lot of people down, and we are sorry for it,” Dimon plans to tell the Senate Banking Committee, according to prepared testimony released Tuesday by the bank.

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