Daily News: March 14, 2013

Ina Drew to Appear Before Senate Subcommittee


Bloomberg reported that the U.S. Senate Permanent Subcommittee on Investigations, led by retiring Senator Carl Levin, will release the panel’s findings after probing JPMorgan’s record trading loss last year.

Bloomberg said former chief investment officer Ina Drew will testify Friday, March 15 in her first public appearance since her departure four days after the bank disclosed the initial trading losses.

Douglas Braunstein, who stepped down as CFO and is still with the bank, will join Drew before the panel along with Pete Weiland, who oversaw market risk for the CIO and has since left the firm, Bloomberg said.

To read the Bloomberg story click here.