Top JPMorganChase exec warns regulatory proposal could squeeze credit for millions of small businesses

FIRST ON FOX: A top executive at JPMorganChase warned that proposed federal bank capital rules could damage small businesses across the country, airing caution that Main Street may have less access to credit from banks.

As regulators move to finalize Basel III Endgame, one of the most important global financial regulatory standards to date, Chase Business Bank CEO Stevie Baron said in a memo obtained by Fox News Digital that the current framework could potentially have unintended consequences...