Jamie Dimon, the chief executive officer of JPMorgan Chase & Co. (JPM), said banks are accumulating more capital than they need as regulators push lenders to build equity. “I don’t think it’s just JPMorgan,” Dimon said yesterday at a conference discussing the New York-based company, which disclosed plans to eliminate as many as 19,000 jobs. “I think all banks will have too much capital in two and a half years. And they’re not going to know what to do with it.” Dimon, 56, has said excessive regulation could impede growth as international authorities and the Federal Reserve push banks to guard capital to better ... (full story)