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“When the rule was 2%, we ran at 7%, but if the rule is 7% we’re not going to run at 14%. If Basle III is 7% or 8%, we’re going to run very close to it” Jamie Dimon, JPMorgan |
Jamie Dimon, chairman and chief executive of JPMorgan Chase, was on typically feisty form, presenting to investors at the Barclays global financial services conference last month.
He’s not pleased at having to shift large portions of the firm’s credit and commodity derivatives business into a new separate subsidiary.
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