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They did the stress tests and most of the banks did fine, Dimon, 60, said Monday in a CNBC interview from California during the companys annual bus tour. Continue pounding them and changing the rules and requirements is not good for the people of those countries, because youre destabilizing a financial system. Last weeks European bank stress tests showed that many lenders still need to lift their capital levels, and some need to do it quickly. While there was no pass or fail mark, two of the 51 banks tested by the European Banking Authority –Banca Monte dei Paschi di Siena SpA and Allied Irish Banks Plc — fell below the regulatory minimum threshold, the regulator said Friday. JPMorgan is among a group of banks that is helping Monte Paschi sell as much as 5 billion euros ($5.59 billion) of stock to replenish capital following the disposal of its entire bad-loan portfolio. Free Trade Dimons comments were part of a wide-ranging discussion on the bank, effects of the U.K. referendum to leave the European Union, and the U.S. economy and election. The next president shouldnt restrict free trade, he said, while focusing on immigration reform, infrastructure spending, corporate tax reform and education. straight from the sourceChina is going to trade with the world whether we like that or not, Dimon said.

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