JP Morgan's strategy was "flawed, complex, poorly reviewed, poorly executed and poorly monitored."
— Jamie Dimon, CEO of JP Morgan Chase, said Thursday discussing the bank's $2 billion in in trading losses during a hastily arranged conference call with analysts and investors after the stock-market close.
Source: The Wall Street Journal
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio