Bloomberg reported that on a call with analysts, JPMorgan Chase CEO Jamie Dimon said overlapping efforts by U.S. regulators place banks “under assault.”
According to the Bloomberg report, Dimon was quoted as saying, “We have five or six regulators or people coming after us on every different issue – it’s a hard thing to deal with.”
JPMorgan, the largest U.S. bank by assets, posted a drop in fourth-quarter profit amid $990 million of legal expenses, about double what some analysts predicted, Bloomberg noted.
To view the full Bloomberg report, click here.
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