Commentary JPMorgan Chase CEO Jamie Simon said out loud what many business leaders know, but are afraid to say. At a late November industry conference in Boston, Dimon said “I’ll make a bet that we last longer [than the CCP.]” He continued by joking that “I can’t say that in China. They are probably listening…
Dimon’s CCP Walk Back an All Too Familiar Reality
December 3, 2021
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JPMorgan CEO Jamie Dimon ‘Regrets’ China Joke
JPMorgan Chase CEO Jamie Dimon said on Wednesday that he regrets making a joke that the Wall Street institution would last longer than the Chinese Communist Party (CCP). Dimon made the quip during a Boston College series of CEO interviews on Tuesday. “We hope to be there for a long time,” he said. “I made…
NTD Business Full Broadcast (Nov. 24)
The CEO of JP Morgan apologizing to the Chinese regime because of a joke. What did he say? And why does he regret it? A Canadian energy company suing the Biden Administration. It’s trying to recoup losses from the canceled Keystone XL Pipeline project. And Shares of Gap and Nordstrom plummet today, after reporting weak earnings due to supply chain…
JPMorgan’s Dimon Cautions a US Default Would Be ‘Potentially Catastrophic’
WASHINGTON—JPMorgan Chase & Co. has begun preparing for the possibility of the United States hitting its debt limit, Chief Executive Jamie Dimon told Reuters on Tuesday, adding he nevertheless expected policymakers to find a solution to avoid that “potentially catastrophic” event. The country’s largest lender has begun scenario-planning for how a potential U.S. credit default…
Bank CEOs Oppose Proposed Tax Hikes, Calling Them ‘A Mistake’
WASHINGTON—The chief executives of America’s largest banks criticized President Joe Biden’s plans to raise taxes on corporations, saying that the increased tax rate would make U.S. businesses less competitive globally. The CEOs of JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley testified virtually on May 27 before the House Financial…
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