Jamie Dimon is the CEO of JP Morgan.
Kena Betancur is pictured.
Jamie Dimon apologized for a joke he made about the Communist Party of China.
I should not have made that comment. In a statement, Dimon said that he was trying to emphasize the strength and longevity of the company.
The CEO apologized again.
It's never right to joke about or insult any group of people, whether it's a country, its leadership, or any part of a society and culture. It can take away from constructive and thoughtful dialogue in society if you speak in that way.
The spokesman said that Dimon supports a constructive and detailed economic dialogue with China.
The bank's chief executive compared his bank's longevity to that of the Chinese party at a Boston College event in Hong Kong on Tuesday.
The Communist Party is celebrating its 100th year. So is the bank. He said that he would make a bet that we would last longer.
Since 1921, the company has been operating in China. The Communist Party was founded.
After a one-day trip to Hong Kong, where he was exempt from the three-week hotel quark requirement for travelers coming from the US, Dimon made a comment. The bank has over 4,000 employees.
In the past, Dimon has made off-the-cuff comments. He was said to be smarter than Donald Trump.
The first firm on Wall Street to gain full control of its securities business in China was the bank of Jamie Dimon. The investment bank would be served by the expansion.
Business Insider has an original article.