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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.
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
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More quotes by Jamie Dimon
I don't think that [normalization] necessarily is going to damage the emerging economies.
Jamie Dimon
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.
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 know the President [Barack Obama]. I like him and respect him. That does not mean I agree with all of our government's policies, whether they come from Democrats or Republicans.
Jamie Dimon
I don't mind paying higher taxes, because I've done quite well and I'm blessed to live in this country.
Jamie Dimon
One of the issues with some of these lenders is going to be, where will their provider of credit be when there's a crisis? That's why some of these smarter services, to support their operations, are courting more permanent capital. They want a source of longer-term funding that can survive a crisis.
Jamie Dimon
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.
Jamie Dimon
Don't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things then we'll buy them.
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
We had a lot of gridlock on a lot of issues. But, the American system is pretty resilient.
Jamie Dimon
Wall Street gives money to both [Democrats and Republicans] because they want to be on the good side of whoever becomes president .
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
Usually, something that is fairly expected is already factored in. I also think that you have to think that America is raising rates because the economy is getting stronger.
Jamie Dimon
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.
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
I do believe that some of these regulations made the markets more volatile, and it remains to be seen how bad that can be.
Jamie Dimon
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.
Jamie Dimon
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.
Jamie Dimon
We represent companies from around the world who say, I want to look at Japanese companies. I want to invest in Japan.
Jamie Dimon
We're diversified, we're stable and consistent. Our businesses benefit from each other.
Jamie Dimon