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Basel III Rules Threaten Small Business Loans | Wilmington News
JPMorgan Chase’s Stevie Baron warns that new federal bank capital rules, known as Basel III Endgame, could choke small businesses by raising lending costs or limiting credit access. While designed to strengthen banks, Baron argues the GSIB surcharge may push institutions toward trading over lending — harming Main Street. As regulators finalize these post-2023 rules, JPMorgan and others are pushing for tweaks to avoid stifling economic growth, echoing concerns from economists like Larry Summers that overly complex regulations can backfire without boosting financial safety. Baron urges…
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