JPMorgan Chase chief executive Jamie Dimon criticised US regulators over recent proposals for new capital rules, warning they risked making bank stocks uninvestable and would result in borrowers having to pay more for loans.
At issue are proposals outlined in July by the Federal Reserve as part of the final implementation of international banking standards, the so-called Basel III endgame reforms.
Dimon is the latest senior Wall Street executive to push back on the Fed’s proposals. One of the industry’s leading lobby groups last week announced an advertising campaign called “Stop Basel Endgame”.
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