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

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Just because we're stupid doesn't mean everybody else was.
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Part of the reason some Japanese companies have underperformed financially was corporate governance and board structures.
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I was a normal human being, but I did like that. I read a lot. I also liked math and science.
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It might be harder for us to charge a higher interest rate, like they do, so it might not be as profitable for us. But we can either compete or partner, like we've announced with On Deck, which does some of the stuff we just spoke about.
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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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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.
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I am not embarrassed to be a banker. I am not embarrassed to be in business.
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The real story in housing will be a recovery in the economy that will drive a recovery in housing, When people are working, when there are more jobs, more households forming and people go back to buying cars, they're going to want their apartments and homes. And that's when you'll start to see a recovery in home prices.
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We see very broad-based, moderate, growth. Most of the sectors are quite strong. I don't see any major potholes, and I believe [the economy] is strengthening.
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Because of that [Brexit], you're going to have slow growth and, unfortunately, while there may not be huge volatility, there will be volatility.
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I advise other companies' CEOs, don't fall into the trap where you go, 'Where's the growth? Where's the growth?' Where's the growth?' They feel a tremendous pressure to grow. Well, sometimes you can't grow. Sometimes you don't want to grow. In certain businesses, growth means you either take on bad clients, excess risk, or too much leverage.
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The term too big to fail must be excised from our vocabulary.
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Japan, Europe, [and] America probably [are] better than last year [2015], not China.
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Wall Street gives money to both [Democrats and Republicans] because they want to be on the good side of whoever becomes president .
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I also believe that most of the emerging economies have a fairly large amount of foreign exchange reserves, relative to 10 years ago.
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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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I do believe that some of these regulations made the markets more volatile, and it remains to be seen how bad that can be.
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We're going to do the right thing for the company and our customers, all things considered.
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All businesses tend to pass costs onto customers.
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