### Wall Street Anticipates Benefits from Trump’s Regulatory Rollbacks, Says JPMorgan CEO Jamie Dimon

JPMorgan Chase CEO Jamie Dimon revealed that Wall Street bankers are celebrating the election of President-elect Donald Trump with hopes that he will ease the regulatory constraints that have weighed heavily on the industry. Speaking at the APEC CEO Summit in Peru, Dimon expressed his views on the impact of years of stringent financial regulations, which he argued have hampered credit availability.

Dimon, who has led JPMorgan Chase since 2006, criticized the current regulatory framework, arguing that it’s possible to maintain banking safety while enabling more credit. He highlighted the change in banking practices, noting that U.S. banks now lend only $65 for every $100 in deposits, compared to a previous one-to-one ratio. This shift, he suggested, has stemmed from regulatory measures that may not have fully considered their impact on credit flows.

Beyond the banking sector, Dimon asserted that various industries could benefit from reduced regulations, allowing them to operate more efficiently. He praised the initiative for more efficient governance, supported by Trump’s announcement of the new Department of Government Efficiency (DOGE). This new department will be led by SpaceX and Tesla CEO Elon Musk, along with pharmaceutical entrepreneur Vivek Ramaswamy, as they work towards reducing bureaucracy and cutting wasteful expenditures.

Despite the optimism over regulatory changes, Dimon also offered a tempered outlook on the current economic climate, pointing to an ongoing "inflationary environment" fueled by excess borrowing. He acknowledged the complex challenges Trump will face, including navigating significant geopolitical, military, and geoeconomic issues on a scale not seen since World War II.