Stock Market News

JPMorgan CEO says ‘it’s time to fight back’ on regulation

2 days ago

Less than a minute

2024.10.28 11:30

By Tatiana Bautzer and Nupur Anand

© Reuters. Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. REUTERS/Mike Segar/File Photo

NEW YORK (Reuters) – JPMorgan Chase (NYSE:) CEO Jamie Dimon blasted several major regulatory initiatives on capital rules, card payments and open banking at a conference on Monday.

Dimon said many banks are afraid to “fight with their regulators, because they would just come and punish you more,” he said. “It’s time to fight back.”

2 days ago

Less than a minute

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