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Strategies & Market Trends : World Outlook

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To: Don Green who wrote (28321)11/24/2021 3:05:04 PM
From: Don Green  Read Replies (1) of 28792
 
Jamie Dimon's mea culpa
Jamie Dimon. Photo: Michel Euler/Pool/AFP via Getty Images

JPMorgan CEO Jamie Dimon walked back a joke that the bank will outlast the Chinese Communist Party, Jacob Knutson reports.

    "I truly regret my recent comment because it’s never right to joke about or denigrate any group of people, whether it’s a country, its leadership, or any part of a society and culture," Dimon said in a statement."Speaking in that way can take away from constructive and thoughtful dialogue in society, which is needed now more than ever," he added.
JPMorgan has branches across China and it recently got Beijing's approval to own a securities brokerage in China, according to Reuters.

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