JPMorgan Chase CEO Jamie Dimon blasted stricter capital rules proposed by U.S. regulators, telling investors on Monday that they could prompt lenders to pull back and stymie economic growth.
CEO Jamie Dimon blasted stricter capital rules proposed by U.S. regulators, telling investors on Monday that they could prompt lenders to pull back and stymie economic growth.to guard against risk was "hugely disappointing" and involved a "lack of transparency" from regulators about the rationale, Dimon said at a conference in New York.
The Federal Reserve, Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency declined to comment.Dimon said he believed the Chinese market was no longer as lucrative as it was previously. He also said that his takeaway from a trip he made to China in May for the first time in four years was "highly cautious."
In the U.S., even though the consumer and the banking industry remains strong, Dimon said that he was more cautious than others on the economic environment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan CEO Jamie Dimon blasts draft capital rules By ReutersJPMorgan CEO Jamie Dimon blasts draft capital rules
Read more »
JPMorgan CEO Jamie Dimon blasts proposed capital rules, cautious about ChinaJPMorgan Chase CEO Jamie Dimon blasted stricter capital rules proposed by US regulators, telling investors on Monday that they could prompt lenders to pull back and stymie economic growth.
Read more »
Saying economic boom will continue is 'huge mistake': Jamie DimonJPMorgan Chase CEO Jamie Dimon poured cold water on the notion of a continuing economic boom, calling belief in the scenario a “huge mistake.”
Read more »
Jamie Dimon says it's a ‘huge mistake' to think economy will boom with so many risks out thereDimon cited tighter monetary policy and the Ukraine war as big risks for the economy.
Read more »
4 big analyst cuts: JPMorgan strips Brunswick of Overweight rating By Investing.com4 big analyst cuts: JPMorgan strips Brunswick of Overweight rating
Read more »
JPMorgan sees multi-year 'U-shaped' recovery for Brunswick By Investing.comJPMorgan sees multi-year 'U-shaped' recovery for Brunswick
Read more »