NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon says the bank is suspending plans to buy back its own stock.
Dimon said Monday the bank will continue to pay a dividend despite the $2 billion trading loss disclosed on May 10.
"It's an embarrassment, it's a black mark," Dimon said of the trading loss. He also said the bank's balance sheet was "barely nicked" by the loss.
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