Quote

I don't like the term universal bank. The Chinese government legitimately wants to have a very strong economy. When they talk about SOE reform, they know that's part of it.

Jamie Dimon

Change background

T
T
T

Change font

TAGS & TOPICS

Jamie Dimon
Age: 68
Born: 1956
Born: March 13
Banker
Business Person
New York City
New York
James Dimon
James Jamie Dimon
Like
Universal
Wants
Economy
Term
Talk
Legitimately
Strong
Bank
Part
Reform
Government
Chinese

More quotes by Jamie Dimon

Image
We had a lot of gridlock on a lot of issues. But, the American system is pretty resilient.
Jamie Dimon
Image
All businesses tend to pass costs onto customers.
Jamie Dimon
Image
And if you're going to be a leader, you know what I ask myself? Would I want to work for you in this job? Would I let my children work for you? Would I give you this job if I wasn't there to provide oversight? If you went to run another company, would I, as an investor, invest in that company?
Jamie Dimon
Image
The transaction reflects our disciplined strategy of investing capital in core businesses where we can leverage scale and expertise for competitive advantage. In addition to being a great strategic fit, the deal is compelling financially.
Jamie Dimon
Image
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.
Jamie Dimon
Image
Good regulation should be conducive to business and to customer protection.
Jamie Dimon
Image
I am not embarrassed to be a banker. I am not embarrassed to be in business.
Jamie Dimon
Image
The goal of what Japan's central bank is doing is to create growth. If it actually creates growth, in the long run, it will lead to appreciation.
Jamie Dimon
Image
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
Image
We represent companies from around the world who say, I want to look at Japanese companies. I want to invest in Japan.
Jamie Dimon
Image
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
Image
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.
Jamie Dimon
Image
We, Americans, have the best country on the planet. We have schools, universities, food, water, energy, peaceful neighbors, low corruption, you name it, deepest and widest capital markets. That doesn't mean we shouldn't identify problems. We don't have a divine right to success.
Jamie Dimon
Image
On Wall Street, there is no Wall Street there are individuals.
Jamie Dimon
Image
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.
Jamie Dimon
Image
It's good for America when the rest of the world grows, because you can sell more to the rest of the world.
Jamie Dimon
Image
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
Image
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
Image
You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don't look at it that way.
Jamie Dimon
Image
JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously its a tough economy. We support an oversight committee, we supported some of the compensation, new compensation rules, though we already follow most of them. We support a lot of it.
Jamie Dimon