Stock Market News

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

10/28/2024

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.”

10/28/2024

Less than a minute

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