JP Morgan Grilled over hidden losses

Two former high-ranking executives at JPMorgan Chase have faced tough questions from US senators about why the bank played down risks and hid losses from regulators when it was losing billions of dollars. The hearing on Friday came a day after the Senate Permanent Subcommittee on Investigations issued a scathing report that placed widespread blame for $6.2bn in trading losses on key executives at the nation's biggest bank. The losses came less than four years after the 2008 financial crisis and hurt the reputation of a bank that had come through the crisis known for taking fewer risks than its competitors. Al Jazeera's John Terrett reports from Washington DC.