After Dimon’s First Republic purchase, tougher banking regulations loom

New rules forcing the big banks to increase their capital reserves are in the works, along with changes for regional banks

By David Lynch

When regulators earlier this month needed someone to take the failed First Republic Bank off their hands, they chose Jamie Dimon, the chief executive of JPMorgan Chase, putting him in position to boost his company’s annual profits by half a billion dollars….“The biggest focus will be the midsize regional banks. That’s where the thrust of the changes are going to be,” said Karen Petrou, managing partner of Federal Financial Analytics. “But the endgame will affect JPMorgan. It is likely to significantly increase capital requirements for some of the biggest banks.”Together, the flurry of regulation promises to reshape the competitive landscape…