Dimon Says Whale Loss Is Very Close to Being a ‘Non-Issue’
“We’re getting near the end of it,” Dimon said today on a conference call with journalists. The bank racked up losses of more than $6.2 billion in the first nine months of 2012. JPMorgan has stopped disclosing the precise impact of the position, saying it had a “modest” loss in the fourth quarter.
Dimon said the bank won’t disclose future losses because they’re not material.
To contact the reporter on this story: Dawn Kopecki in New York at email@example.com
To contact the editor responsible for this story: Steve Dickson at firstname.lastname@example.org