Un-American or un-JPM? Surcharge rethink divides G-Sibs
Some see sense in rethink to funding indicator, others call for a backtrack
A proposed capital surcharge has been described by JP Morgan’s chief executive, Jamie Dimon, as “Un-American”. It “just seems to punish our success,” said the CEO in his yearly letter to shareholders dated April 6.
As regulators hand JPM’s closest rivals major capital relief, the banking giant would receive much slimmer pickings. Despite the unequal treatment, however, some believe the changes
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