JP Morgan boss ‘regrets’ making joke about Chinese Communist party - The Guardian
Chastened Jamie Dimon apologises for saying he would bet on bank outliving Chinese regime.
The boss of JP Morgan has apologised for predicting that the Wall Street bank would outlive China’s Communist party, saying he “regrets” the comment, made less than 24 hours earlier.Speaking at an event in Boston, Massachusetts, on Tuesday, Jamie Dimon referred to the fact that the bank began operating in China in 1921, the same year as the Communist party.A JP Morgan spokesperson said Dimon understood that he should “never speak lightly or disrespectfully about another country or its leadership”.