JPMorgan Chase CEO Jamie Dimon offered a mea culpa and a warning Tuesday when discussing the losses his bank experienced from the downfall of subprime auto lender Tricolor Holdings, saying, "It is not our finest moment" and "when you see one cockroach, there's probably more."
Dimon and his CFO discussed the Tricolor impact on calls with reporters and analysts while disclosing a $170 million charge-off — a measure of unpaid debt written off as a loss — related to its wholesale lending to the subprime lender.
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