BOSTON (AP) - U.S. Sen. Scott Brown is urging JPMorgan Chase CEO Jamie Dimon
to take back bonuses and incentive pay from those involved in risky trading that
led to a $2 billion loss.
Brown said Wednesday that taking back the bonuses, including any money Dimon
might have received, would demonstrate the bank is serious about fixing the
mistakes that led up to the loss.
Brown's comments came as Dimon told Congress that senior bank executives
responsible for a $2 billion trading loss will probably have some of their pay
taken back by the company.
Brown's Democratic challenger Elizabeth Warren has called on Dimon to resign
from the Board of Directors of the New York Federal Reserve Bank.
Warren also called on Congress to pass new rules to prevent banks from
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