TAMPA, Fla. (AP) — JPMorgan Chase CEO Jamie Dimon, facing shareholders five days after the bank disclosed a $2 billion trading loss, said Tuesday the company's mistakes were "self-inflicted."

Dimon, speaking at the company's annual meeting, also said the company supports better and smarter financial regulation.

Almost immediately, he faced a proposal to strip him of his chairman's title. Lisa Lindsley, director of capital strategies for an influential union of public employees, said independent board leadership was in shareholders' best interest.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.