from npr news in washington, i’m lakshmi singh.
jp morgan chase maintains the bank was up fraught with investors about its 2 billion dollars plus trading loss, * it’s under investigation by federal regulators. for the second time in less than a week, ceo jamie dimon has testified before congressional panel. today, he told house banking committee that the bank trusted its risk assessment models, which provided the best information at the time.
we have hundreds, maybe thousand models. they are periodically changed, updated, intent to usually make them better, * costly being trotted to be improved. earlier, lawmakers heard from acc c
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