Dimon says private equity giants are ‘dancing in the streets’ over tougher bank rules

JPMorgan Chase executives expressed concerns on Friday about the potential impact of stricter regulations following a series of bank failures this year.

They warned that such regulations could lead to increased costs for consumers and businesses and might even force banks to exit certain business areas altogether, CNBC has reported.

During a discussion with Wells Fargo analyst Mike Mayo about the proposed changes outlined by Federal Reserve Vice Chair for Supervision Michael Barr, JPMorgan CEO Jamie Dimon suggested that other financial players could benefit from the regulations.

READ MORE: https://www.cnbc.com/2023/07/14/dimon-apollo-blackstone-tougher-bank-rules.html

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