After a brief break, the hearing returns with Mike Cavanagh, a co-head of JPMorgan's investment bank, and Douglas Braunstein, the chief financial officer at the time of the trades.
Mr. Braunstein took some pointed questions from Mr. Levin. One was for how long had JPMorgan not reported data to the comptroller's office. Another was why.
Mr. Braunstein, who is now a vice chairman at JPMorgan, said that the bank had stopped sending data for about two weeks because "a number of regulators had had breaches in some of the data we had shared with them." Some data had been mistakenly lost.
Mr. Levin asks whether Mr. Braunstein had informed comptroller officials of that. The reply is yes. But the senator presses and asks if the officials were upset.
"I don't recall the specifics of the conversation," Mr. Braunstein says, twice.
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