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The JPMorgan CEO criticised US regulators over recent proposals for new capital rules, warning they risked making bank stocks uninvestable and would result in borrowers having to pay more for loans. At issue are proposals outlined in July by the Federal Reserve as part of the final implementation of international banking standards, the so-called Basel III endgame reforms.
“Do [regulators] want banks ever to be investable again?” Dimon said at an industry conference organised by Barclays. “I wouldn’t be a big buyer of banks . . . I’d be no better than equal weight, or whatever you call it,” he told the audience of analysts and investors.
https://www.ft.com/content/ccd0f68c-2543-4e02-bbbc-0101d04609e1
