Levin, Drew, Joy Own Words on JPMorgan's CIO Loss
March 15 (Bloomberg) –- U.S. Senator Carl Levin, a Michigan Democrat and chairman of the Senate Permanent Subcommittee on Investigations, Ina Drew, former head of JPMorgan Chase & Co.'s chief investment office, and David Joy, chief market strategist at Ameriprise Financial Inc., offer their views on JPMorgan's trading loss at the bank’s CIO last year. This report also contains comments from U.S. Senator John McCain, an Arizona Republican; Michael Cavanagh, co-chief executive officer of JPMorgan's corporate and investment bank; Ashley Bacon, acting chief risk officer at JPMorgan, and David Hilder, an analyst at Drexel Hamilton LLC. Drew, Cavanagh and Bacon testify before the Senate Permanent Subcommittee on Investigations in Washington. (Source: Bloomberg)
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44:18 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)