Brian Chappatta, Columnist

Why Didn’t Dimon Step In on Repo? Just Ask the Fed

The JPMorgan CEO cites pesky limitations for preventing the bank’s help when short-term rates went haywire.

October 15, 2019 at 4:37 PM UTC

Brian Chappatta is managing editor of Bloomberg News' leveraged finance and distressed debt teams. He was previously managing editor and team leader of its wealth group. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

Jamie Dimon has a thing or two to say about the rules.
Photographer: Giulia Marchi/Bloomberg

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If JPMorgan Chase & Co. Chief Executive Jamie Dimon had had his way, he would have happily lent money in the repo market last month to help offset a spike in short-term interest rates.

If it weren’t for those meddling regulators, that is.