Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., still won't say how much the bank could wind up losing from risky trades that cost it at least $2 billion.
"We're not going to give a running tally on losses," Dimon said at a Deutsche Bank investor conference in Manhattan.
JPMorgan recently disclosed the bank lost $2 billion in complicated trades in its chief investment office, and said the losses could widen by as much as $1 billion.
A recent account in the Wall Street Journal reported the trades could result in as much as $5 billion in losses.
Dimon said the bank was "making progress" in risk reduction.
"We understand the issue," he said.
Dimon said the bank was examining all possible scenarios for potential losses from the bad bets, depending on how they are unwound. He noted the unit overall had an unrealized profit.