Originally published on Wed June 13, 2012 10:00 am
"This portfolio morphed into something that, rather than protect the firm, created new and potentially larger risks. As a result, we have let a lot of people down, and we are sorry for it."
That's part of JPMorgan Chase President and CEO Jamie Dimon will tell the Senate's Committee on Banking, Housing and Urban Affairs tomorrow, when it looks into the botched trades that lost the bank $2 billion. Chase released Dimon's prepared remarks this afternoon.
Venezuela's President Hugo Chavez arrives atop a truck at the elections office in Caracas on Monday. Chavez addressed thousands of supporters as he formalized his re-election bid. Chavez's younger daughter Rosines is by his side, and on his right is his brother Adan.
Federal authorities arrested seven people, today, in connection with what authorities say was a multi-million dollar money laundering operation run by Mexican drug cartel Los Zetas.
The scheme allegedly used the millions earned through the illicit drug trade to purchase, train, breed and race American quarter horses in the United States. The Department of Justice said 14 had been indicted; among them is Zetas leader Miguel Ángel Treviño Morales and his brothers Oscar Omar Treviño Morales and José Treviño-Morales.
Col. Abdul Kareem Mustapha, 51, is being treated at Barzeh military hospital in Damascus. He was wounded in the Syrian capital Tuesday during an ambush by armed men in taxis that killed one of his fellow passengers.
Syrian activists have posted thousands of videos of civilians killed and wounded in the 15-month-old conflict. But there have been many casualties on the government side as well, and they are on display at a military hospital in the capital, Damascus.
For Abdul Kareem Mustapha, a 51-year-old colonel in the Syrian army, the war came for him at 8:15 a.m. on his way to his military post.
In this handout from the Seminole County Sheriff's Office, Shellie Zimmerman, wife of George Zimmerman, the man accused of shooting Trayvon Martin, is seen in a police mug shot on Tuesday in Sanford, Florida.
George Zimmerman has been charged with second degree murder in the shooting death of teenager Trayvon Martin, a 17-year-old African-American. George Zimmerman, a neighborhood watch volunteer, has claimed he acted in self defense.
Leaders of a group that represents most Catholic sisters in the United States meet with Vatican officials in Rome today. As we've reported, the sisters went to Rome to talk to the head of the Vatican's Congregation for the Doctrine of the Faith about a report that found the group was running afoul of church doctrine.
Myanmar's Aung San Suu Kyi is heading to Europe for the first time in more than two decades and will be giving a series of high-profile speeches She's shown here on June 2 meeting with Myanmarese refugees who are living in camps in Thailand.
Aung San Suu Kyi heads to Europe Wednesday, where she'll deliver a speech she was invited to give more than two decades ago: the one for her 1991 Nobel Peace Prize, which she was unable to collect while under house arrest.
In Myanmar's largest city, Yangon, at the headquarters of Suu Kyi's party, spokesman U Nyan Win says she is busy writing speeches for her extended trip to Europe, including the visit to Oslo for the belated Nobel address this weekend.