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The term too big to fail must be excised from our vocabulary.
Jamie Dimon
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Jamie Dimon
Age: 68
Born: 1956
Born: March 13
Banker
Business Person
New York City
New York
James Dimon
James Jamie Dimon
Bigs
Must
Excised
Vocabulary
Fail
Failing
Motivational
Term
More quotes by Jamie Dimon
We take smaller companies and middle-sized companies, all around the world, and we do currency exchange for them we raise bonds and equities for them and we do inventory finance, trade finance, and custody of assets.
Jamie Dimon
But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization - these companies, these clients getting much bigger and much more global.
Jamie Dimon
My father and grandfather were stockbrokers, and they would actually take stock certificates from a vault, give it to a runner, and send it to another vault. Then somebody said, Let's digitize it and have one vault. Now the DTCC clears and settles almost everything, and the cost of doing a trade is a tenth of what it was before.
Jamie Dimon
I think if we had another set of policies for - not the crisis years, but after that, that we might be growing faster. But we didn't. And some of that was Republicans' [fault], by the way.
Jamie Dimon
Companies are returning a lot of money to shareholders through dividends and buybacks. And a lot of people say that's not a good use of capital. I think that's normal reallocation of capital.
Jamie Dimon
It's moderate growth, with some parts of the world better than people think, and better than last year [2015].
Jamie Dimon
Economies of scale are a good thing. If we didn't have them, we'd still be living in tents and eating buffalo.
Jamie Dimon
Companies that build scale for the benefit of their customers and shareholders more often succeed over time.
Jamie Dimon
You've seen certain credit type products that are going to be in nonbanks, like sophisticated CLO [collateralized loan obligation] tranches and stuff where the capital charge is so high that a bank simply will not own it. Someone will buy it, hedge it, trade it. But it won't typically be a bank.
Jamie Dimon
Well, if you were the American public, you saw a catastrophe. In general, you would say, The biggest institutions of America - Washington, broadly, and Wall Street, broadly - they're to blame. And, broadly, they're right.
Jamie Dimon
Just because we're stupid doesn't mean everybody else was.
Jamie Dimon
I completely agree with the concept that American citizens shouldn't expect that a failure of a bank would cost them money, or that it would hurt the economy.
Jamie Dimon
As countries get wealthier - all of them, together - you're going to have financial assets. That is a good thing. You could argue the assets were traded too much, or that they're too highly valued, or too leveraged.
Jamie Dimon
There are parts [in Dodd-Frank] that I don't agree with. But, in total, it is what it is.
Jamie Dimon
Dodd-Frank is 2,000 pages long. It covers thousands of rules, regulations, interpretations and things like that.
Jamie Dimon
I was a normal human being, but I did like that. I read a lot. I also liked math and science.
Jamie Dimon
The yen is trading where it's trading because people are guessing about people's future interest rates, dollar and yen and about the future growth potential of the economies. And, if this policy works, then the yen will probably strengthen.
Jamie Dimon
You have your own culture and your own ways of doing things. I hope Japan continues on this path.
Jamie Dimon
I also believe that most of the emerging economies have a fairly large amount of foreign exchange reserves, relative to 10 years ago.
Jamie Dimon
Our investment bank looks like it does because its customers like our expansive network and want to do equity, debt, M&A, custody, move money, deposit money, et cetera.
Jamie Dimon
