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C Suisse CEO says 'small group' hid 'bad conduct'

Brady Dougan Interview Pic

Credit Suisse’s CEO is hitting back at a Senate panel’s claim that the banking giant helped thousands of U.S. customers dodge taxes, saying a 'small group' of the firm’s employees hid their 'bad conduct' from executives and that the panel’s report incorrectly assumed every American client’s account was hidden.

Dimon's joke falls flat

Storm clouds

Jamie Dimon was talking about the business climate, not the polar vortex that gripped much of the U.S. this winter, when he mentioned 'weather' in a discussion about a slump in trading revenue at JPMorgan.