JPMorgan’s Dimon wants Washington to 'look at all the rules and regulations' affecting big banks

Published On Feb 14, 2025, 4:19 AM

JPMorgan Chase CEO Jamie Dimon is advocating for a review of financial regulations impacting major banks, emphasizing the need for a restructured regulatory system. He expressed concerns during a meeting with Republican lawmakers about rules that have led to practices like 'debanking', where banks deny services based on customers' affiliations. Dimon pointed out the existing complexities in the regulatory framework, calling for a simplification that balances consumer protection with fair banking practices. He also took a subtle dig at the regulatory environment, attributing some of the issues faced by banks to overly stringent rules in areas like anti-money laundering.