Dimon Criticizes Regulatory Initiatives

By Tatiana Bautzer and Nupur Anand

NEW YORK (Reuters) – JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon criticized various major regulatory initiatives concerning capital rules, card payments, and open banking during a conference on Monday.

Dimon expressed that many banks are hesitant to confront their regulators due to fear of further penalties. He asserted, "It's time to fight back."