Jamie Dimon Says US Needs to 'Finish' the Bank Crisis
JPMorgan’s chief executive officer predicts more rules are coming to an industry already struggling.
Jamie Dimon, chief executive of JPMorgan Chase during an interview with Bloomberg Television in Paris
Photographer: Cyril Marcilhacy/BloombergJamie 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.’’