{"id":29524,"date":"2012-06-14T07:02:07","date_gmt":"2012-06-14T11:02:07","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=29524"},"modified":"2012-06-14T07:02:07","modified_gmt":"2012-06-14T11:02:07","slug":"dimon-faces-senators-over-jpmorgans-hedge-fund-style-trading","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2012\/dimon-faces-senators-over-jpmorgans-hedge-fund-style-trading.html","title":{"rendered":"Dimon Faces Senators Over JPMorgan&#8217;s &#8216;Hedge Fund&#8217;-Style Trading"},"content":{"rendered":"<p>Bloomberg &#8211; U.S. senators preparing to hear testimony from JPMorgan Chase &amp; Co. Chief Executive Officer Jamie Dimon said they will press him to explain what led to more than $2 billion in trading losses and will be looking closely at whether they need to tighten exemptions in the so-called Volcker rule.<\/p>\n<p>U.S. Senator Jeff Merkley, the Oregon Democrat pushing for stronger restrictions on banks&#8217; bets with their own money through proprietary trading, said this morning that JPMorgan took too much risk through a strategy the company described as hedging.<\/p>\n<p><a href=\"http:\/\/www.sfgate.com\/cgi-bin\/article.cgi?f=\/g\/a\/2012\/06\/13\/bloomberg_articlesM5K5U16KLVRB01-M5K5U.DTL\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; U.S. senators preparing to hear testimony from JPMorgan Chase &amp; Co. Chief Executive Officer Jamie Dimon said they will press him to explain what led to more than $2 billion in trading losses and will be looking closely [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29524","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=29524"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29524\/revisions"}],"predecessor-version":[{"id":29525,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29524\/revisions\/29525"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=29524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=29524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=29524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}