JPMorgan Chase & Co. CEO Jamie Dimon said a rollback of banking regulations during the Trump administration was not to blame for the current banking crisis,...
JPMorgan Chase & Co. JPM CEO Jamie Dimon said a rollback of banking regulations during the Trump administration was not to blame for the current banking crisis, in part two of an interview with CNN. Dimon said U.S. senators that have pointed to the banking changes as a factor in the blow-up of Silicon Valley Bank and Signature Bank are mistaken. “Those senators are wrong,” Dimon said on CNN This Morning. “They still had higher liquidity and capital requirements and they met their exposure.
“Those senators are wrong,” Dimon said on CNN This Morning. “They still had higher liquidity and capital requirements and they met their exposure. It wasn’t the regulatory changes.” Dimon said JPMorgan’s role in providing $30 billion among banks to backstop a run on deposits at First Republic Bank FRC was “an attempt to give them time to resolve the situation” but did not provide additional details.
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