JPMorgan chiefs remark bolsters case for tougher Volcker Rule.
By Steve Sloan and Silla Brush, Bloomberg|June 14, 2012 at 05:22 AM
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon conceded a key point when pressed by lawmakers about a proposed ban on proprietary trading at banks: Had the rule been in place, it may have prevented the firm’s recent $2 billion loss.
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