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Braunstein Recites ‘I Don’t Recall’ When Questioned About Dimon

JPMorgan Chase & Co.’s Douglas Braunstein repeatedly said he couldn’t remember specifics as U.S. senators grilled him about Chief Executive Officer Jamie Dimon’s role in withholding data from regulators.

Lawmakers pressed Braunstein, the bank’s former finance chief, yesterday on statements he made to investors about trading losses and on Dimon’s decisions as the firm held back details about the investment bank from regulators. Carl Levin, the head of the Permanent Subcommittee on Investigations, asked about Dimon’s reaction when the division resumed the daily profit and loss reports to the Office of the Comptroller of the Currency. An examiner at the OCC had said Dimon halted them because the CEO “believed it was too much information.”