JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the bank will have to reprice certain lending products to get to a "fair return" now that regulators are requiring the industry to hold more capital.
"I don't think that you're going to have all these banks around the world holding this amount of capital and the revolvers will cost the same," Dimon said at a conference hosted by Goldman Sachs Group Inc. in New York today. "Revolvers, repo, operating deposits, trade finance, all these things use a lot of balance sheet" and will have to be repriced, he said.
JPMorgan is the biggest U.S. lender by assets. The company is based in New York.