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JPMorgan Chase's Jamie Dimon to testify before Senate

JPMorgan Chase Chairman Jamie Dimon will testify in front of the Senate Banking Committee tomorrow.

This final note on the way out: Tomorrow's news today, if you will.

JPMorgan Chase CEO Jamie Dimon's gonna take a turn at the long green witness table in front of the Senate Banking Committee in the morning, trying to explain that $2 billion loss from a couple of weeks ago. (Our New York Bureau Chief Heidi N. Moore got ahold of the full transcript of that testimony over in her Easy Street column if you want a preview.)

The committee's title for the hearing gives you some clue as to how it's gonna go: A Breakdown in Risk Management, it's called, What Went Wrong at JPMorgan Chase?

Dimon said today, by the way, he expects to be solidly profitable this quarter.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.
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