Drew Says Her Resignation Decision Was 'Devastating'

Ina Drew begins testifying. She starts by outlining her 30-year career at JPMorgan. The length of her tenure at the bank helps provide context, illuminating the numerous instances where Ms. Drew helped the bank escape losses. Ms. Drew describes her decision to resign as "devastating." Ms. Drew says that she relied on assurances of people who worked for her in the chief investment office. She says that her ability to curtail risk-taking and stem losses was undermined by those traders who misvalued their trades and flawed risk metrics.