As JPMorgan Chase (JPM) faces a flurry of unflattering scrutiny and regulatory pressure, its former chairman and chief executive staunchly defended the megabank that he helped create.

"I am very happy with the position that JPMorgan Chase is in today," said William B. Harrison, Jr. in a video interview on Monday. Harrison, who remains active in the corporate world through board memberships, handed the reins of JPMorgan Chase to current chairman and chief executive officer Jamie Dimon in 2006.

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