![From left, Senators Ron Johnson, John McCain and Carl Levin, conduct a hearing on JPMorgan's trading loss.]()
Gary Cameron/ReutersFrom left, Senators Ron Johnson, John McCain and Carl Levin, conduct a hearing on JPMorgan's trading loss.
Friday's hearing is the first public appearance for Ina Drew after the top executive resigned as head of the chief investment office shortly after the trading losses were announced in May.
Senator Carl Levin began by praising his "longtime friend," Senator John McCain.
At the outset, Mr. Levin took direct aim at derivatives trading. "In April 2012, Americans were confronted with a story of Wall Street excess," he said.
Gary Cameron/ReutersFrom left, Senators Ron Johnson, John McCain and Carl Levin, conduct a hearing on JPMorgan's trading loss.