CEO of JPMorgan Chase, the U.S.'s largest bank, says too many rules will make it harder for community banks to do business
JPMorgan Chase & Co. CEO Jamie Dimon said Thursday that any new regulatory oversight over regional banks should be done carefully to avoid impacting their lending activities.
The Federal Deposit Insurance Corp, the Office of the Comptroller of the Currency and the Federal Reserve must be cautious, he said. The JPMorgan Chase JPM CEO said government officials and banks “should sit down, have a very thoughtful conversation” about potential changes in capital or liquidity requirements, or any other potential measures to strengthen the sector after four larger regional bank failures since March.
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