Dimon Regrets Quip JPMorgan to Outlast China Communist Party
- Says he was trying to emphasize strength, longevity of bank
- JPMorgan has almost $20 billion of exposure in Chinese economy
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he regrets making a quip that his bank is likely to outlast China’s Communist Party.
“I regret and should not have made that comment,” Dimon said in a statement from the bank Wednesday. “I was trying to emphasize the strength and longevity of our company.”