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In wake of $2.3 billion trading loss, JPMorgan Chase's shareholder meeting in Tampa may get rowdy

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By Robert Trigaux, Times Business Columnist
Monday, May 14, 2012

"We made a terrible, egregious mistake and there's almost no excuse for it." The bank was "sloppy" and "stupid."

Jamie Dimon, chief executive of JPMorgan Chase on Sunday's Meet the Press.

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JPMorgan Chase CEO Jamie Dimon will be in Tampa today to host the massive bank's potentially raucous annual shareholders meeting, complete with protesters outside and upset investors inside.

Talking point No. 1: The bank's staggering $2.3 billion trading loss revealed last week.

At the meeting and in the days that follow, how clearly and honestly Dimon can explain how one of the world's largest and most sophisticated banks got so badly burned with trading losses will go far in influencing the confidence of customers, employees and the communities where the bank operates.

The details so far about the bank's hefty loss reek ...


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