JP Morgan CEO meets with attorney general

JP Morgan CEO meets with attorney general

Reuters: JPMorgan Chase & Co CEO Jamie Dimon met Thursday morning with U.S. Attorney General Eric Holder as the nation's biggest bank attempts to end federal and state investigations into its liability for selling shoddy mortgage securities.

JPMorgan is hoping to ease some of the pressure that regulators have been putting on the bank for more than a year. The bank avoided the worst losses in the financial crisis, but it has been under intense scrutiny since May 2012, when it said it was losing money on derivatives bets that became known as the "London Whale" trades.

 

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