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Banking Giant’s CEO Drops Truth Bomb on Mega-Merger: ‘Let the Competition Thrive!’

Jamie Dimon, CEO of JPMorgan Chase, expresses confidence in competing against Capital One despite its potential acquisition of Discover. He acknowledges Capital One's prowess but will oppose unfair competitive practices. Dimon supports industry consolidation but questions the uneven regulation of debit fees. He anticipates increased competition but respects Capital One's CEO and their innovation in the credit card market. Dimon believes his bank's strength will sustain it in the evolving industry landscape.