Jamie Dimon Says US Needs to ‘Finish’ the Bank Crisis (2)

May 11, 2023, 2:34 PM UTC

Jamie Dimon said it’s time for regulators to help put an end to turmoil in the banking industry, but he’s already predicting policymakers will take away the wrong lessons from this year’s upheaval.

“I think it’s going to get worse for banks — more regulations, more rules and more requirements,’’ JPMorgan Chase & Co.’s chief executive officer said in a Bloomberg Television interview from Paris Thursday. “If you overdo certain rules, requirements, regulations — there are some of these community banks that tell me they have more compliance people than loan officers.’’

JPMorgan’s Dimon on Banking Turmoil, First Republic, Debt Ceiling

The only major bank CEO from the financial crisis ...

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