JPMorgan (JPM) Chase CEO Jamie Dimon has criticized several major U.S. financial regulatory initiatives and intends to oppose those he believes would not make banks safer, Tatiana Bautzer and Nupur Anand of Reuters reports. Dimon criticized what he called overlapping or ill-conceived rules on capital requirements, card payments, and open banking. “It’s time to fight back,” Dimon said at a conference, according to Reuters
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JPM:
- Is Abercrombie & Fitch (NYSE:ANF) Stock in Strong Buy Territory?
- JPMorgan sues customers said to steal thousands in money glitch, CNBC says
- Analysts Revise Ratings on Tesla Stock (NASDAQ:TSLA) After Q3 Print
- Opening Day: Ingram Micro returns to trading in busy week
- JPMorgan CEO privately support Kamala Harris, NY Times says