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Dimon Says Banks to Gain as Crisis-Era Rules Sting Poor

Hedge funds, low-income borrowers and municipalities face steeper costs from global rules enacted after the financial crisis as banks stand to benefit, said JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon.

Clients seeking derivatives, short-term deposits, revolving credit, trade finance and retail mortgages will be disproportionately affected by higher banking costs, Dimon, 58, said yesterday in his annual letter to shareholders.