Reuters: Regulatory News: JPMorgan CEO Dimon says trading losses isolated

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JPMorgan CEO Dimon says trading losses isolated Jun 12th 2012, 20:54 WASHINGTON, June 12 | Tue Jun 12, 2012 4:54pm EDT WASHINGTON, June 12 (Reuters) - JPMorgan Chase & Co's recent trading losses are an isolated incident and the bank is expected to be "solidly profitable" in the second quarter, Jamie Dimon, the bank's chief executive, will tell the Senate Banking Committee on Wednesday. Dimon will tell the committee the bank feels "terrible" about the trading debacle, while emphasizing the losses will only hurt shareholders, not taxpayers, and the bank maintains a "fortress balance sheet," according to his prepared testimony.

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