The bank bosses hope to use the hearing as an opportunity to try to convince key moderate Democratic senators that the rules could stifle lending, hurting small businesses and consumers
Dimon and his family intend to sell 1 million of the 8.6 million shares they own, subject to the terms of a stock trading plan, JPMorgan said in a regulatory filing
JPMorgan Chase CEO Jamie Dimon criticized proposed stricter capital rules by U.S. regulators, arguing that they could hinder economic growth. Dimon expressed disappointment and a lack of transparency from regulators regarding the proposal. He questioned the regulators objectives and emphasized the need for fairness and transparency. Dimon also expressed caution about the Chinese market, stating that the risk-reward ratio has become less favorable.