US bank chief regrets Communist party jibe

RT.com
24 Nov 2021, 23:42 GMT+10

The boss of US banking group JPMorgan Chase has said he regrets his comments about Beijing after he joked that his corporation would last longer than China's Communist Party.

"I regret and should not have made that comment. I was trying to emphasize the strength and longevity of our company," JPMorgan Chase Chief Executive Jamie Dimon said in a statement issued by the bank on Wednesday.

A spokesperson for the bank said Dimon acknowledged that he should "never speak lightly or disrespectfully about another country or its leadership." "During the discussion, Jamie made clear China and its people are very smart and very thoughtful," the spokesperson added.

The apology followed remarks made by Dimon while speaking at a Boston College series of CEO interviews on Tuesday. The banking boss told his audience: "I made a joke the other day that the Communist Party is celebrating its 100th year - so is JPMorgan. I'd make a bet that we last longer."

"I can't say that in China. They are probably listening anyway," he added.

The Chinese Foreign Ministry on Wednesday questioned whether Dimon's remarks constituted news. "Isn't Bloomberg a serious media outlet? Why the publicity stunt with some grandstanding remarks?" spokesman Zhao Lijian said, responding to a Bloomberg reporter.

Chinese state media boss Hu Xijin hit back, saying he'd bet the Chinese Communist Party would last longer than the US as a whole.

Last week, Dimon was given a special dispensation by the Hong Kong government to briefly visit the Chinese financial hub without a lengthy quarantine period.

(RT.com)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Perth Herald.

More Information

null in null

International Business

Section

Over 60 companies named in UN report on Israel-Gaza conflict

GENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...

Persson family steps up H&M share purchases, sparks buyout talk

LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...

Shell rejects claim of early merger talks with BP

LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...

Australian PM rejects US pressure to ease biosecurity rules

SYDNEY, Australia: Australia will not ease its strict biosecurity rules during trade talks with the United States, Prime Minister Anthony...

Beijing conference spotlights esports as new engine of digital economy

BEIJING, July 5 (Xinhua) -- No dull rows of chairs and tables, no endless slides of charts and numbers -- instead, a gleaming statue...

Sudan's Khartoum strives to recover amid ongoing civil war

KHARTOUM, July 5 (Xinhua) -- After more than two years of devastating conflict, Sudan's capital Khartoum is slowly emerging from the...

Australia

Section

"Arey bhai kal ya parso hi toh story daaali thi": Indian stars express awe, ridiculousness at Gill's monstrous run in England

Birmingham [UK], July 5 (ANI): The Indian cricketing fraternity expressed happiness as skipper Shubman Gill continued his monumental...