221 Quotes by Jamie Dimon

You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don’t look at it that way.

I think the free-enterprise system has been great for society. That doesn’t mean it’s completely perfect. And also, when people say capitalism, I’m not really sure what they mean.

But in general, as countries get wealthier, there’s going to be more savings, which means you’re going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization – these companies, these clients getting much bigger and much more global.

People need to understand: Businesses are going to make mistakes. They shouldn’t be shot and hung every time. We should apologize for it. We should make up for it. My shareholders paid for it. No customer was hurt, which is critical to me. But I hurt my shareholders, and I wish I hadn’t.

Unraveling the euro is a terrible thing. This is a 50-year endeavor to get this continent together and that’s a wonderful endeavor.

Capping the size of American banks won’t eliminate the needs of big businesses; it will force them to turn to foreign banks that won’t face the same restrictions.

From my point of view, the American financial system – including banks and investment banks – is far safer because of capital and liquidity requirements. Despite all the turbulence so far this year, I don’t think anyone’s questioning our system. And that, obviously, is a good thing.

I’m not going to name anybody, but I think there are about five to 10 global institutions that will emerge as our primary competitors across the board. They’re adjusting to this new world, like we are.

It’s good for America when the rest of the world grows, because you can sell more to the rest of the world.