Cavanagh Says JPMorgan Learned `Hard Lessons'

March 15 (Bloomberg) -- Michael Cavanagh, co-chief executive officer of JPMorgan Chase & Co.'s corporate and investment bank, testifies before the Senate Permanent Subcommittee on Investigations in Washington about the trading loss at the bank's chief investment office last year. Cavanagh led JPMorgan's internal review of the "London Whale" loss. (This is an excerpt. Source: Bloomberg)