WASHINGTON—In his first trip to Capitol Hill since J.P. Morgan Chase & Co. disclosed that trading blunders have cost it at least $2 billion, Chief Executive Officer James Dimon is expected to blame a combination of overconfidence, poor judgment and faulty risk controls. 
 
 Mr. Dimon, scheduled to appear before the Senate Banking Committee on Wednesday morning, intends to apologize for the miscues—a stark departure from his normal shoot-from-the-hip demeanor. But Mr. Dimon will push back on any implication that the incident is lastingly detrimental to the largest U.S. bank by assets. In fact, the New York company expects its second ... ||||| Congressional Research Service (CRS) is a "think tank" that provides research reports to members of Congress on a variety of topics relevant to current political events. However, the Congressional Research Service (CRS) does not provide direct public access to its reports, nor are they released to the public via the Federal Library Depository Program (FDLP). There are several organizations that collect and give access to subsets of published CRS Reports. This collection attempts to bring all CRS Reports together in one place. For more information on CRS, see the Sunlight Foundations CRS Reports backgrounder (http://bit.ly/CRSReports). Please contact James Jacobs (jrjacobs AT stanford DOT edu) if you know of additional sites hosting CRS reports.
– JPMorgan Chase CEO Jamie Dimon plans to apologize before members of Congress tomorrow for a trading loss that has cost the bank more than $2 billion. He also will say that the bank has taken steps to make sure it does not happen again. "We have let a lot of people down, and we are sorry for it," Dimon says in testimony prepared for his appearance before the Senate Banking Committee. "While we can never say we won't make mistakes—in fact, we know we will—we do believe this to be an isolated event," Dimon says. The Wall Street Journal has the full text, in which Dimon also castigates traders for badly misunderstanding the risks involved and "generally ineffective" managers for failing to rein them in, notes the Journal.