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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.

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
Markets
Regulation
Remains
Seen
Made
Believe
Volatile
Regulations

More quotes by Jamie Dimon

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I believe it's a good thing that people say, Can we find a way to live together in peace? And they did, for the most part.
Jamie Dimon
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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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We got a lot of excellent people and businesses from Bear and WaMu. But Bear definitely was more painful. WaMu got us into Florida, California, and other states, which was a huge benefit - to expand and grow and add middle-market, private banking, investment banking, and other products, too.
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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
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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
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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
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I'm not going to name anybody, but I think there are about five to 10 global institutions that will emerge as our primary competitors across the board. They're adjusting to this new world, like we are.
Jamie Dimon
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We had a lot of gridlock on a lot of issues. But, the American system is pretty resilient.
Jamie Dimon
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Manipulating currencies is when you're going into the marketplace and buying something in large amounts to depress the value of the currency.
Jamie Dimon
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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.
Jamie Dimon
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The term too big to fail must be excised from our vocabulary.
Jamie Dimon
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If you were a corporation needing financial services, and I can give you something better, faster, and cheaper across 12 products as opposed to eight, that's business. I'm doing it because I'm serving you I'm not doing it because I want to be universal.
Jamie Dimon
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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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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
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I hate the word universal, because I don't know exactly what it means. The question is, does it work for the client? Travelers was a diversified, financial conglomerate that did very well. The businesses had nothing to do with each other.
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.
Jamie Dimon
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I think what you've seen them do recently in the markets is what most of us learn doesn't ultimately work. But I think everyone has to figure that on their own.
Jamie Dimon
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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
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We invested in the downturn and we never stopped serving our clients.
Jamie Dimon
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Companies that build scale for the benefit of their customers and shareholders more often succeed over time.
Jamie Dimon