TAMPA, Fla. (AP) — Jamie Dimon, the chairman and CEO of JPMorgan Chase, says last year's $6 billion trading loss had been expensive and "extremely embarrassing," but he also asked shareholders not to fixate on the issue.
"It would have been a terrible shame if that one issue were allowed to damage the company from doing all the things it was supposed to do," Dimon told shareholders at the bank's annual meeting.
Shareholders are set to vote this morning on whether to strip Dimon of his role as bank chairman. Early reports citing unnamed sources said the proposal had narrowly lost.
It's a topic that has turned into a referendum on Dimon, who emerged from the financial crisis heading one of the strongest banks in the country.
Tamara Lush and Chris O'Meara contributed.