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Time to charge against Basel III, says Mr Dimon

NEW YORK | Financial Times’s interview with Jamie Dimon was intended to create momentum. JP Morgan’s chief executive is now attacking new banking rules by Basel committee, trying to convince against the new regulation to water down Basel III the same way the major US banks have lobbied in Washington to water down Dodd-Frank Act, Obama’s new set of rules after the financial crisis. Dimon’s argument goes like this: the Basel…