Jamie Dimon Slams Regulators on Capital Plans, Urges ‘More Humility’

Jamie Dimon again took aim at higher capital requirements US regulators proposed for the banking industry in July, saying he would “love to know what they really want to accomplish.”

Requiring US lenders to hold more capital than their international competitors is a “huge negative” over time, the JPMorgan Chase & Co. chief executive officer said Monday at a conference hosted by Barclays Plc. Regulators should have shared more about the “cost-benefit to society,” said Dimon, who questioned whether they learned the right lessons from the failures earlier this year of Silicon Valley Bank and First Republic Bank.