FINANCE BRIEF: Wall Street Lashes Out at Fed’s Capital Rules

It’s not unusual for Wall Street executives to be annoyed by new rules, but they rarely make it this obvious.

At a normally staid annual gathering hosted by Barclays Plc this week, the industry’s top brass took turns panning a proposal that would force them to hold more capital.

JPMorgan CEO Jamie Dimon called a key calculation in the new plans “asinine,” cursing multiple times while discussing the proposals, and predicting his complaints wouldn’t matter because regulators will “do what they want anyway,” Hannah Levitt and Sridhar Natarajan report.

It was a strong and consistent public rebuke as the ...