Jamie Dimon was looking for chuckles when he said he’d bet that JPMorgan would outlast China's CCP. But business blowback from perceived slights to Beijing is often no laughing matter, say AntonyMCurrie and JennHughes13
on Tuesday when he said he’d wager that his bank would outlast China’s Communist Party, following up with, “I can’t say that in China. They are probably listening anyway.” As others can attest, however, the blowback from Beijing after perceived slights is often no laughing matter.
Dimon is no stranger to impolitic remarks. He harangued regulators including then-Federal Reserve Chair Ben Bernanke about post-financial crisis rules. In 2018, he said he could beat then-President Donald Trump in an election. In 2012, he described a giant JPMorgan trading scandal as a “complete tempest in a teapot.”, for one, knows all too well what can happen when a seemingly innocuous comment is blown out of proportion.
. He was suspended for three months and UBS lost a plum role on a bond deal for a state-backed client.Italian fashion giant Dolce and Gabbana’s mainland business suffered heavily after a 2018 series of promotions featured a Chinese model trying to eat pizza and pasta with chopsticks. Qantas
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