The Washington PostAfter Dimon's First Republic purchase, tougher U.S. banking regulations loom
To avoid another bank run, US regulators will soon force major lender to increase their capital reserves, the Post reports. However prudent the measures, don't be surprised if there's some pushback
When regulators earlier this month needed someone to take the failed First Republic Bank off their hands, they chose Jamie Dimon, the chief executive of JPMorgan Chase, putting him in position to boost his company's annual profits by half a billion dollars.
That may be the last thing they do that makes Dimon happy.
By continuing, you agree to our Terms of Service and Privacy Policy.