JPMorgan Exec Warns Credit Limits for Small Business
A JPMorgan Chase executive warned that proposed global banking regulations could limit small business lending in the U.S. by increasing capital requirements and potentially encouraging trading over lending. The bank's CEO emphasized the need for regulators to adjust the Basel III framework to prevent negative impacts on economic growth and access to credit for small businesses. The concerns follow ongoing debates over the finalization of Basel III Endgame rules and their potential effects on the banking industry and small business expansion.
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