JPMorgan Chase CEO Jamie Dimon said Friday that U.S. bankers are thrilled by the prospect of deregulation under a second Trump administration, which he believes could revitalize America’s banking industry after years of stifling regulations that have curtailed credit activity.
Speaking at the APEC CEO Summit in Lima, Peru, on Nov. 14, Dimon criticized the regulatory environment for hindering lending, highlighting stringent capital requirements introduced after the financial crisis of 2008–09 that have forced banks to reduce their loan-to-deposit ratios.
