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Bank Execs Try to Push Beyond ‘Too Big To Fail’ 

October 20, 2014
Ryan Tracy, Wall Street Journal

J.P. Morgan Chase & Co. Chief Executive James Dimon and other big bank executives think they are moving beyond the perception their firms are “too big to fail.”

A new confidence in their message was apparent Friday as Mr. Dimon and other bank chiefs discussed the progress toward strengthening banks and making them less likely to need bailouts in tough times. The issue is crucial for the largest firms, since a number of U.S. policymakers still favor adopting curbs that would restrict their size.

“We’re very close to resolving that,” Mr. Dimon said at a panel discussion hosted by theInstitute of International Finance. He cited higher levels of capital and liquidity at global banks and said regulators have the capacity to unwind a failing firm without a bailout.

Read more: Wall Street Journal

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