Quote

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

More quotes by Jamie Dimon

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No one can forecast the economy with certainty.
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I think normalization is a good thing.
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It's great that people get together and collaborate, talk about the facts and the analysis, all in the interest of having a great financial system.
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Just because you have a good hand today doesn't mean it's good tomorrow. And some of the things we're doing may become very disadvantageous at some point.
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The government has the right to change laws and rules and regulations.
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If I ran the whole place like it was my way or the highway, we would not be as good a company. I'm going to have mistakes - they'll be made on my watch and will embarrass me. But I'll also make sure the company learns from them so it can become a better company.
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You cannot prove this in real time, but when economists 20 years from now write a book on the recovery, it may well be entitled, It could have been much better.
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Part of [Japanese companies] growing and expanding around the world is ... going to help the Japanese keep their lifestyles [despite Japan's] demographics, as a declining population, and [to] make it more conducive to women to go to work, I think, is a plus.
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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.
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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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I'm a really big believer - this is not a statement about President [Barack] Obama, but whoever is president - that good policy is really important.
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I agree with people who say we want more income equality we want more consumer protection and we want sounder banks. I agree with all that.
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Unraveling the euro is a terrible thing. This is a 50-year endeavor to get this continent together and that's a wonderful endeavor.
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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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Dodd-Frank and independent actions of banks go a long way in terms of progress on capital, liquidity, transparency, living wills (plans for winding down a bank in the event of a collapse) and resolutions.
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Finance went from being a small business, effectively, to being a big business. In part, that's the growth of the world's wealth. That's called savings.
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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
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Prime Minister Modi [Narendra] is strong enough, and he's accomplished much.
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We do all that [ represent companies], because we have a lot of research in Japanese companies, and that research educates investors around the world. It allows us to sell stocks and bonds in Japanese companies.
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We did not anticipate the political fallout from it. We definitely didn't need it and we paid it back the first day we were allowed to.
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