Home Business Dimon (JP Morgan) makes mea culpa for a joke about the Chinese Communist Party, this is what the greatest Wall Street banker had said

Dimon (JP Morgan) makes mea culpa for a joke about the Chinese Communist Party, this is what the greatest Wall Street banker had said

by admin
  1. Home ››
  2. News >>
  3. World News ››


FACEBOOK
TWITTER
LINKEDIN

“I’m sorry and I shouldn’t have made that comment. I was trying to emphasize the strength and longevity of our bank.” So JP Morgan Chase CEO Jamie Dimon 24 hours later apologizes for his remarks that his bank will last longer than the Communist Party of China.

Dimon had in fact said: “I made a joke the other day that the Communist Party is celebrating its 100th year, as is JP Morgan. I bet we will last longer.” Words that certainly did not please Beijing. Chinese Foreign Ministry spokesman Zhao Lijian said: “Is it really necessary to mention such remarks that are only meant to get people’s attention?”

JP Morgan has high ambitions in China and in August gained regulatory approval from Beijing to become the first full foreign owner of a brokerage firm in the country.

See also  The Fed announced that it will maintain its benchmark interest rate and will start its debt reduction plan in November
0 comment
0

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy