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If you thought bankers were happy when Barney Frank left, try 'em now that Sen. Carl Levin has decided to retire next year and relinquish his hold on the aptly named Permanent Subcommittee on Investigations.
March 8 -
A Senate panel is said to be looking into warnings by a former trader at JPMorgan Chase months before his bets ballooned into a $6 billion loss for the company.
February 1
WASHINGTON — Jamie Dimon, JPMorgan Chase's chief executive, is not expected to be among the witnesses appearing before a Senate Permanent Subcommittee on Investigations hearing examining the bank's multi-billion dollar proprietary trading debacle revealed last May.
The investigations panel, chaired by Sen. Carl Levin, D-Mich., released its witness list for the highly anticipated hearing on the "London Whale" mess on Wednesday. The list includes two former bankers, Ina Drew, who was the JPMorgan's chief investment officer, and Peter Weiland, who served as its head of market risk, along with three current executives: Ashley Bacon, the acting chief risk officer, Douglas Braunstein, a vice chairman and former chief financial officer, and Michael Cavanagh, who heads the bank's task force investigating the losses from the London Whale's trades.
The subcommittee also plans to hear from Comptroller of the Currency Thomas Curry, as well as Michael Sullivan, OCC's deputy comptroller for risk analysis and Scott Waterhouse, examiner-in-charge for JPMorgan.
