Former Citi Chairman: JP Morgan's Trading Disaster 'Could Happen To Anyone'

win bischoff

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Sir Winfred Bischoff, the Chairman of Lloyds, spoke at Lloyds annual shareholder meeting yesterday.He addressed JP Morgan’s recent $2 billion (or $3 billion) trading loss. From The Guardian’s Simon Neville:

“I’m a great fan of Jamie Dimon [JP Morgan chief executive]. But my concern is if it can happen to JP Morgan, which has such a good risk culture, it could happen to anyone.”

Bischoff previously served as the Chairman of Citigroup board of directors from 2007 to 2009.

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