Jamie Dimon won't get off as easy at his second congressionalhearing this month when he tries to explain how JPMorgan Chase& Co. lost at least $2 billion on trades that he has said“violated common sense.”
The U.S. House Financial Services Committee will be a tougheraudience for Dimon when he testifies today after members of theSenate Banking Committee spent much of their June 13 hearingcomplimenting the chief executive officer or asking his advice onfinancial law, banking analysts said.
“He won't get lawmakers apologizing for asking him questionslike in the Senate,” said Paul Miller, a former examiner for theFederal Reserve Bank of Philadelphia and analyst at FBR CapitalMarkets in Arlington, Virginia. “There will probably be moreoutrage. They won't be as friendly.”
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