Dimon defies JP Morgan critics

JP Morgan’s boss Jamie Dimon yesterday insisted he is “damn proud” of the bank, despite the $13bn (£8bn) mortgage-related settlement which it is believed to have agreed with US regulators. “I am so damn proud of this company,” the bank’s chairman and chief executive told CNBC. “That’s what I think about when I wake up every day.” The bank is paying the record fine over mortgage backed securities sales in the run up to the financial crisis.