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US banks say they are holding too much capital

With lower capital requirements, lenders could buy back more of their stock or increase dividends

"We think it's clear that banks can use more of their capital to finance the economy," said Mr Dimon.


AMERICA'S biggest banks have a common gripe: They have too much money.

Since the 2008 financial crisis, regulators have forced Wall Street to set aside larger financial reserves, enough capital for banks to survive losses they may suffer in an emergency - without the...