TVSpy LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllFacebook GalleyCat UnBeige MediaJobsDaily

JP Morgan CEO Jamie Dimon to FBN: We Screwed Up

The business networks have been in overdrive after J.P. Morgan revealed a $2 billion loss at a London trading unit yesterday. During a live special report last night on Fox Business, Charlie Gasparino reported he talked to CEO Jamie Dimon after the news broke.

“I find him to be refreshingly frank, and that’s essentially what he was,” Gasparino said of the conversation. “He said, ‘listen, we screwed up.’” Watch:


<script type=”text/javascript” src=”http://video.foxbusiness.com/v/embed.js?id=1634148086001&w=466&h=263″></script><noscript>Watch the latest video at <a href=”http://video.foxbusiness.com”>video.foxbusiness.com</a></noscript>

FBN also preempted “Imus in the Morning” today for a special report on the J.P. Morgan news.

Dimon acknowledged on a conference call yesterday that the losses were “somewhat related” to a single London-based trader nicknamed “the London whale,” who was making large bets on credit derivatives. Bloomberg TV’s Stephanie Ruhle broke that story in April.

Mediabistro Course

Content Marketing 101

Content Maketing 101Almost 60% of businesses use some form of content marketing. Starting December 8, get hands-on content marketing training in our online boot camp! Through an interactive series of webcasts, content and marketing experts will teach you  the best practices for creating, distributing, and measuring the success of your brand's content. Register now!