JPMorgan’s Jamie Dimon Says He Regrets His Comments on China

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., pauses ahead of a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. European banks need to look beyond their home countries for mergers in order to tap the region’s full economic power and become more competitive, Dimon said. , Bloomberg

Cathy Chan, Bloomberg News

Nov 24, 2021

Share

(Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he regrets a quip that his bank is likely to outlast China’s Communist Party. 

 “I regret and should not have made that comment,” Dimon said in a statement from the bank Wednesday. “I was trying to emphasize the strength and longevity of our company.”

Dimon made the remarks while speaking Tuesday at a panel discussion at the Boston College Chief Executives Club. He reiterated his company’s commitment to the country in wide-ranging comments. 

“We hope to be there for a long time,” Dimon said of China on Tuesday. He relayed a “joke” he made during a recent visit to Hong Kong: “The Communist Party is celebrating its 100th year. So is JPMorgan. And I’ll make you a bet we last longer.”

©2021 Bloomberg L.P.