In his remarks at the American Bankers Association conference last week, JPMorgan Chase CEO Jamie Dimon said it was time for banks to "fight back" against "overlapping or ill-conceived" regulations.
Dimon sharply criticized US regulatory initiatives that he believes will not improve bank safety and could harm companies and consumers. And, despite preferring not to engage in litigation, he would resort to it if necessary. "If you're in a knife fight, you better bring a knife, and that's where we are," Dimon said.
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