Requiring U.S. lenders to hold more capital than their international competitors is a “huge negative,” he claimed.
The Wall Street firm is enlisting several hundred new staffers to help address concerns from authorities.
The biggest banks beat analysts' expectations for equity-underwriting revenue in the second quarter.
The firm's $41.3 billion in revenue beat analysts' expectations, fueled by $21.8 billion in net interest income.
The hire underscores the biggest U.S. bank's efforts to fill the void created by Silicon Valley Bank's failure.
The bank made no admission of liability in connection with the settlement.
JPMorgan CEO Jamie Dimon said in an interview last week that a political career has crossed his mind.
The bank offered full-time or transitional roles to almost 85% of the nearly 7,000 employees still working at First Republic.
Proxy advisr Institutional Shareholder Services suggested a “cautionary vote” in favor of the bank's pay decisions.
Buyer JPMorgan will share any mortgage losses with the FDIC.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
