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Dimon Defends Bank's Disclosures

JPMorgan CEO meets with cooler reception from House Financial Services Committee.

By Dawn Kopecki, Steven Sloan and Phil Mattingly, Bloomberg | Updated on June 20, 2012

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon defended the company’s disclosures of a $2 billion trading loss as regulators and lawmakers questioned whether the largest U.S. bank misled investors.

“We disclosed what we knew when we knew it,” Dimon, making his second appearance on Capitol Hill in less than a week, said yesterday at a House Financial Services Committee hearing in Washington that exceeded four hours.

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