‘We’ve become like Europe’: Jamie Dimon warns China is beating the U.S. as he says Iran war means a ‘better chance’ of permanent Middle East peace

JPMorgan CEO Jamie Dimon is warning the U.S. is moving more like Europe when it comes to defense.

Speaking Tuesday at the Hill and Valley Forum, which aims to bring together leaders from Washington and Silicon Valley, the longtime JPMorgan leader who led his bank through the 2008 housing crisis, said he was “deeply frustrated” with certain policies in the U.S. that he said set the country back. 

One example is the web of rules, compliance procedures, and the involvement of...