NEW YORK: JPMorgan Chase CEO Jamie Dimon blasted stricter capital rules proposed by US regulators, telling investors on Monday (Sept 11) that they cou...
Dimon says the proposal to require banks to set aside more capital to guard against risk is ‘hugely disappointing’ and involves a ‘lack of transparency’ from regulators about the rationale. – AFPpicJPMorgan 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.
The Federal Reserve, Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency declined to comment. China’s economy grew at a frail pace in the second quarter with gross domestic product expanding by just 0.8% from the previous quarter.