Dimon Bank rules should change after Silicon Valley Bank collapse

NEW YORK (AP) — JPMorgan CEO Jamie Dimon said the U.S. and the banking industry should amend regulations following the collapse of Silicon Valley Bank and Signature Bank last month, saying that the financial system needs to be adjusted so that one bank’s failure does not “cause undue panic and financial harm.” The comments, made in Dimon’s letter to JPMorgan Chase shareholders Tuesday, were his first since the two banks failed. Dimon, the chairman and chief executive of the nation’s largest bank, is a veteran of the 2008 financial crisis, and one of the last senior executives remaining at a…