Dimon Calls Higher US Capital Rules ‘Hugely Disappointing’
- JPMorgan ‘is going to adjust’ for the requirements, CEO says
- He says that US credit should be highest-rated in the world
This article is for subscribers only.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called new plans for more stringent capital rules “hugely disappointing” days after US regulators released the long-awaited proposals.
The measures will make certain activities such as mortgages and small-business lending harder for banks, Dimon said Wednesday in a CNBC interview. JPMorgan “is going to adjust for it,” but Dimon said he’s “not sure it’s the right thing for America.”