JPMorgan's Dimon: Basel III will boost customers' lending costs

09/14/2010 | Bloomberg · Wall Street Journal, The · CNBC

Jamie Dimon, chairman and CEO at JPMorgan Chase, said the Basel III rules will increase lending costs for banks' customers. JPMorgan "will be fine" in terms of complying with tougher capital and liquidity requirements, and the bank will move its credit default swaps and commodity businesses to a subsidiary, Dimon said.

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Bloomberg · Wall Street Journal, The · CNBC