JPMorgan Chase “misled investors” before “lying to investigators” about its $6bn trading losses, John McCain, the senior Republican on the US Senate panel investigating the affair, has said.
Mr McCain’s comments yesterday came as the Senate subcommittee published its bipartisan findings into the trading, risk management failures and subsequent disclosures that marked last year’s so-called London whale episode.
The 300-page report hones in on disclosures by Jamie Dimon, JPMorgan chief executive, and Doug Braunstein, who resigned as chief financial officer after the affair came to light.
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