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Capping the size of American banks won't eliminate the needs of big businesses it will force them to turn to foreign banks that won't face the same restrictions.

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
Needs
Size
Turn
Face
Restrictions
Turns
Restriction
American
Eliminate
Faces
Banks
Bigs
Businesses
Force
Foreign

More quotes by Jamie Dimon

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I don't mind paying higher taxes, because I've done quite well and I'm blessed to live in this country.
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I think the politics have gotten better in the United States, which makes it easier to pass legislation, budgets and treaties.
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I haven't studied it deeply, but the American banks started the crisis with far more capital and what I would call good liquidity. The riskiest funding is unsecured wholesale funding. It's the most fickle. Not repo, which the government focused on, too. Unsecured. JPMorgan Chase had almost none of that - virtually zero.
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I think the free-enterprise system has been great for society. That doesn't mean it's completely perfect. And also, when people say capitalism, I'm not really sure what they mean.
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I think the Republicans have really thoughtful financial policies, and I'm more in the middle on taxation.
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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.
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Just because we're stupid doesn't mean everybody else was.
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Don't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things then we'll buy them.
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Companies that build scale for the benefit of their customers and shareholders more often succeed over time.
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People always say to me, What if it doesn't work? If it doesn't work, we redouble our effort. We're not going to cry like a bunch of babies. We're going to redouble our effort.
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We continued to build the business, even in the worst of times. We do business all over America.
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That's probably good, all things being equal, for emerging markets, not bad, even though it may not be great for all their currencies.
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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.
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We invested in the downturn and we never stopped serving our clients.
Jamie Dimon
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JPMorgan was already, for the most part. Our businesses at JPMorgan share the same cash-management systems. The commercial bank, the private bank, the retail bank, they all use the branches. The cash-management system moves the money around the world - for global corporations, and for you, the consumer, too.
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No one can forecast the economy with certainty.
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It can take a long time to get the rules in place that are conducive to growing, sometimes.
Jamie Dimon
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I think normalization is a good thing.
Jamie Dimon
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The term too big to fail must be excised from our vocabulary.
Jamie Dimon
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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