Jul 13, 2012 1:42 AM
NEW YORK, NY - JPMorgan Chase CEO Jamie Dimon will appear before Wall Street analysts Friday morning to apprise them of the size of a massive trading loss and what he has done to protect the bank from a similar kind of loss happening again.
Just three months ago, JPMorgan Chase was viewed as the top American bank, led by the steady hand of Dimon.
In the last couple of months that stellar reputation has eroded, with Dimon appearing before Congress twice to explain the $2 billion trading loss, which could be growing. Several government agencies have also launched investigations.
A lot rides on his ability to restore trust in the bank and calm angry investors who feel betrayed at being misled just three months ago.