( September 20, 2022, 18:34 GMT | Official Statement) -- MLex Summary: JPMorgan Chase Chief Executive Jamie Dimon, head of the nation’s largest bank with $3.8 trillion in assets, said the “continued upward trajectory” of US capital requirements on the biggest banks is becoming a “significant” economic risk that’s “bad for America.” In the text of remarks to be delivered tomorrow to the House Financial Services Committee, he said JPMorgan Chase is already setting aside more than $200 billion in capital, in addition to loan loss reserves, and that this amount of required capital will increase due to size-based regulatory factors that don’t reflect the bank’s actual risk to financial stability. This increase “handicaps regulated banks at precisely the wrong time,” he said.See document below. ...
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