JPMorgan Chase Profit Declines 7%, Hobbled by Weak Trading
“Banks are under assault,” Mr. Dimon said.
Mr. Dimon said that in the past, banks generally had to deal with one regulator at a time but now confront several regulators for each instance of wrongdoing.
“You all should ask the question, ‘How American that is? How fair that is?’” he said on a call with reporters.
.. JPMorgan learned during the fourth quarter that it would probably either have to withhold more of its profits, or sell more shares to investors in order to comply with newly strengthened capital rules that are expected to hit JPMorgan harder than any other bank.