Jamie Dimon says there is no need to continue to complain
about increasing bank regulations. But that won't stop the CEO of JPMorgan
Chase (JPM) from doing just that, Fortune reports
Speaking at the Barclay's 2012 Global Financial Conference,
Dimon added bank stress tests to his growing list of measures implemented by
regulators and lawmakers in the past few years that he says are misguided and
possibly holding back the economy.
Dimon says the Fed's stress tests are forcing banks to hold
onto more of their cash than necessary rather than lending it out or investing
it. "A lot of banks by 2014 or so will have their capital cups running
over," says Dimon. "They're not going to use all that capital.
They'll be hitting their targets and there is going to be no way to put it all
to use. "
Read all ahout it at http://finance.fortune.cnn.com/2012/09/12/jamie-dimon-complaining/?iid=SF_F_River
No comments:
Post a Comment