JPMorgan Cuts Preferred Shares by Over 25% Amid US Banks' Shift Away from Preferred Securities
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- JPMorgan Chase reduced preferred shares outstanding by over 25% in the last year: JPMorgan Chase & Co. cut its preferred shares outstanding by more than 25% last year, reflecting a broader trend among US banks retreating from preferred securities due to eased capital regulations under Basel III endgame rules and the high cost of these securities.
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