May 18 (Bloomberg) -- In today's "Movers & Shakers" Bloomberg's Betty Liu reports that JPMorgan CEO Jamie Dimon faces new challenges as the company's losses from derivatives trading may widen to $5 billion according to the Wall Street Journal.
Jamie Dimon personally approved the investments but did not monitor them.
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What were Mit Romney's initial comments on the JPMorgan loss?
Romney, said business losses are part of “the way America works,” urged caution in adopting new regulations in response to the trading loss by JPMorgan Chase & Co. (JPM).
Romney said:
I would not rush to pass new legislation or new regulation.
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