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JP Morgan boss ‘regrets’ making joke about Chinese Communist party
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theguardian.comThe 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.
He said: “I made a joke the other day that the Communist party is celebrating its 100th year – so is JP Morgan. I’d make a bet that we last longer.”
“I can’t say that in China,” he said, adding: “They are probably listening anyway.”
On Wednesday morning in the US, JP Morgan issued a formal statement in which an apparently chastened Dimon apologised for his remarks.
“I regret and should not
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