NYT Dealbook column by Andrew Ross Sorkin, there is no link to this column.
fair usage snippet:
This morning, the heads of the nation’s seven largest banks are in Washington for two days of testimony, starting in the House. More than a decade after bank C.E.O.s were in the hot seat during the financial crisis, many of the same issues remain.
JPMorgan Chase, Bank of America and Citigroup are bigger than ever, with nearly $10 trillion in assets between them — about 50 percent more than five years ago. Jamie Dimon of JPMorgan, according to his written testimony, plans to say that regulations have made banks play it too safe with capital requirements, putting them at a disadvantage against foreign competitors. (Reality check: China’s largest bank, ICBC, made $2 billion in profit in its last fiscal year. JPMorgan, the largest in the U.S., made $48 billion.)