Dimon says he regrets comment on JPMorgan outlasting China Communist Party

Source: dailyadvent.com dailyadvent.com

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JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday he regretted his remarks that the Wall Street bank would last longer than China's Communist Party (CPC), moving quickly to avoid any longer-term fallout. Dimon's comments had risked jeopardizing JPMorgan's growth ambitions in China where it won regulatory approval in August to...