JPMorgan's Dimon says bad mortgage rules hindering growth of US economy
Updated : April 04, 2019 07:14 PM IST
In his annual letter to the shareholders, Dimon said the involvement of many regulators coupled with increased political intervention was making it difficult to achieve much-needed reforms in mortgage lending.
Dimon said JPMorgan was intensely reviewing its role in originating, servicing and holding mortgages, given the current lack of reforms.
The bank also said it expects its first-quarter net interest income will likely be flat compared with the prior quarter and adjusted expense to be up by "mid-single" digit percentage compared with the year-ago quarter.
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