NEW YORK (Reuters) - JPMorgan Chase & Co Chief Financial Officer Jennifer Piepszak said she expects the bank’s capital surcharge requirement to be 4% unless there is a regulatory change.
These surcharges require the bank to hold more capital, which can mean a bank lends less.
“It would be very, very difficult for us to get back to 3.5% without recalibration, so we expect to be in the 4% bucket,” Piepszak said at a virtual conference hosted by Credit Suisse.
Reporting By Elizabeth Dilts Marshall
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