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JP Morgan Chase CEO Jamie Dimon cowed into apologizing for saying bank would probably outlast Chinese Communist Party

“JPMorgan Chase CEO Jamie Dimon said he regrets making a quip that his bank is likely to outlast China’s Communist Party. ‘I regret and should not have made that comment,’ Dimon said in a statement from the bank Wednesday. ‘I was trying to emphasize the strength and longevity of our company.’ Dimon made the remarks while speaking Tuesday at a panel discussion at the Boston College Chief Executives Club, where he touched on his company’s commitment to China in wide-ranging comments. ‘We hope to be there for a long time,’ Dimon said of China on Tuesday. He relayed a ‘joke’ he made during a recent visit to Hong Kong: ‘The Communist Party is celebrating its 100th year. So is JPMorgan. And I’ll make you a bet we last longer'” – Bloomberg

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