"Jamie Dimon warns of private equity celebration as JPMorgan sets higher bar for rivals"

JPMorgan Chase CEO Jamie Dimon warned that tougher bank regulations proposed by Federal Reserve Vice Chair for Supervision Michael Barr would benefit hedge funds and private equity giants like Apollo and Blackstone, who would "dance in the streets" as banks face higher capital requirements. The increased regulations could lead to higher costs for consumers and businesses, and some banks may be forced to exit certain businesses altogether. This could further contribute to the rise of non-bank players in the "shadow banking" industry, which operates with lower federal scrutiny than traditional banks.