Dimon Rebukes Regulators Over Bank Capital Calculations, Says Rules Singled Out Big Banks
JPMorgan Chase CEO Jamie Dimon criticized U.S. banking regulators on a quarterly earnings call for proposing capital-rule changes that he says are skewed to inflate required reserves for large, diversified banks. Dimon argued the methodology makes JPMorgan and similar banks shoulder an unfair burden while benefiting Wall Street trading firms. The b…