JPMorgan Chase CEO Jamie Dimon vehemently opposes several major US financial regulatory initiatives, arguing they could hinder innovation, increase consumer costs, and weaken the financial system. He specifically criticizes the Basel III endgame proposal, the Federal Reserve’s capital surcharge, and the Consumer Financial Protection Bureau’s open banking rule.
Related Posts
How Trudeau reacted to Trump’s 25% tariffs on Canadian products
While Trump’s rationale ties these tariffs to immigration and drug issues, economists and trade experts often caution that such measures can disrupt supply chains, increase […]
GST Council to decide on GST rate for health, life insurance on Dec 21
The GST Council is gearing up for a pivotal meeting on December 21st, where a decision on the GST rate for health and life insurance […]
Jalgaon tragedy: ‘Those who jumped off train’s left door were unharmed’
Smoke in Pushpak Express led to panic among passengers, causing some to jump out and get hit by Karnataka Express on the adjacent track near […]