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JPMorgan’s Competitive Position Just Increased

Regulators’ new 2.5% “biggest bank” add-on to the 7% “big bank” capital requirement hits JPMorgan (JPM) and its U.S. competitors, Bank of America (BAC) and Citigroup (C). (For more, see The Wall Street Journal articles, “Capital Rules Tighten for Big Banks” and “Biggest Banks Fitted for New Collar.”) In spite of the news, JPMorgan’s... »