JPMorgan’s Dimon says he regrets China Communist Party comment

Published by
Reuters

By Scott Murdoch and Matt Scuffham HONG KONG/NEW YORK (Reuters) – JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday he regretted his remarks that the Wall Street bank would last longer than China’s Communist Party. U.S. banks have identified China as a major opportunity for future growth and executives normally go to great lengths to ensure that they do not upset Chinese authorities. “I regret and should not have made that comment. I was trying to emphasize the strength and longevity of our company,” Dimon said in a statement issued by the bank. Speaking at a Boston College series o…

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