WASHINGTON — Senate Banking Committee Chairman Tim Johnson, D-S.D., on Friday invited JPMorgan Chase & Co. chief executive Jamie Dimon to testify before the panel on June 7.
But a JPMorgan Chase spokeswoman would not commit to that timetable for Dimon's testimony.
The Banking Committee had previously said it would invite Dimon to answer questions about the massive $2 billion trading loss in the company's London office, and the bank said he would appear. Yet no date for the invitation had been announced.
Then, in a press release Friday, Johnson said, "I am going to invite JPMorgan CEO Jamie Dimon to testify before the Banking Committee on June 7 at 10:00 AM."
"As these events have amply demonstrated — much to the dismay of those who endlessly seek to roll back this tough, new law — Wall Street continues to need better risk management, vigorous oversight and unyielding enforcement," Johnson said.
"I expect Mr. Dimon to come prepared to provide the committee a better understanding of this massive trading loss so we can take the implications into account as we continue to conduct our robust oversight over the full implementation of Wall Street reform."
Jennifer Zuccarelli, a spokeswoman for JPMorgan, said that Dimon will be available to testify in June, but she would not commit to a specific date.
"We are working with the House and Senate to determine a timeframe in June that will work for both chambers and allow us to provide the most thorough testimony," she said.
June 7 will be one day after the Senate Banking Committee is separately expected to question banking regulators about JPMorgan Chase trading losses.
