Jamie Dimon

"It was a bad strategy. It was badly executed."

The words of JPMorgan Chase's CEO, Jamie Dimon, as he admitted late yesterday that the investment bank — or, more precisely, a single "rogue trader" working for the bank, had lost some $2 billion in the last six weeks in risky hedge-fund trades.

The news has sent chills through the markets. Shares of JPMorgan Chase, the largest U.S. bank, lost 7 percent in after-hours trading and British bank Barclays lost 2.9 percent, while more than 2 percent was shaved from Royal Bank of Scotland.

From UW through records reuest

"We've been doing nothing but investing in this town."

On Nov. 2, JP Morgan Chase CEO Jamie Dimon came to Seattle to address business leaders at an event put on by the University of Washington’s business school. The event attracted a great deal of heat from the Occupy Seattle protesters, which we wrote about: “Anatomy of a protest: Occupy Seattle vs. Jamie Dimon of Chase.”

Reporters were not allowed into the event to hear what Dimon had to say, though some were allowed to interview him before hand. KPLU was not among them.

We got a copy of a video of the event through the Freedom of Information Act. Inside, you can watch several snippets of his responses to questions as well as the full video of his speech at the Business Leadership Celebration event.

Illustration by Justin Steyer

What happens when the captain of the financial industry is brought to Seattle to celebrate business leadership in the middle of a populist revolt aimed directly at the wealthy and financial companies?

Pepper spray. Arrests. Speeches. And a very nervous Seattle business school, caught in the crossfire, whose gala event of the year could be wrecked. What follows is a close look at the events and decisions leading up to the Nov. 2 clash in downtown Seattle gleaned from emails and documents obtained by KPLU. 

Associated Press

Occupy Seattle protestors have set their sights on a new target: The highest paid banker on Wall Street who will be visiting Seattle on Wednesday.

Banker Jamie Dimon will be the keynote speaker at the University of Washington’s “Business Leadership Celebration” and Occupy Seattle protesters are marshaling their forces to welcome him loudly.