Tim Johnson, chairman of the Senate banking committee, said he wants to 'hear directly' from Dimon over trading losses

The Senate banking committee plans to call JP Morgan boss Jamie Dimon to Washington to explain how the bank lost $2bn in poorly-supervised trading.

Senator Tim Johnson, the chairman of the committee said it should "hear directly" from Dimon about the losses at America's biggest bank.

Johnson did not specify when he would ask Dimon to appear, but the committee has two meetings slated for May 22 and June 6, and any hearing with Dimon would have to come after that.

Read more ...........