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Jamie Dimon

Jamie Dimon Quotes

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Jamie Dimon is an accomplished businessperson currently serving as the Chairman and CEO of JPMorgan Chase & Co. Since 1995, Dimon has held various key positions at JPMorgan Chase, becoming CEO in 2005. Under his leadership, the bank has achieved significant performance growth and emerged as one of the most influential financial institutions globally.

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Famous Jamie Dimon Quotes

“If you look at the banking business over many years, it's always been a huge user of technology. This has been going on my whole life, that people have been adding technology, digitizing services.”

People Ifs Years Looks Has Beens Whole Technology Huge Whole Life Users Banking

Author:Jamie Dimon

“We use technology to make it cheaper, better, and faster for the client. And then if you have the most flow, you can win. Now, having said that, Silicon Valley wants to take on this business. They think they see an opening.”

Ifs Thinking Want Said Use Winning Technology Flow Opening Faster Valleys Clients Cheaper Silicon Silicon Valley You Can Win

Author:Jamie Dimon

“If you're making all your money simply betting on interest rates, that's not a business. Flow is a business. On the outside, they look the same for a while. But when you dig into them, no, they weren't exactly the same.”

Ifs Looks Interest Flow Rate Interest Rate Betting

Author:Jamie Dimon

“Look, in any system, you want highly ethical people who really understand issues to form policies and make tough decisions. You need all the right people in the room. But there's a general view in Washington now by many politicians that if you ever were on this side, you're conflicted for being on that side.”

People Ifs Want Needs Looks Form Sides Decision Rooms Views Issues Policy Politician Tough Ethical Tough Decisions

Author:Jamie Dimon

“If the numbers are right, ICBC [Industrial & Commercial Bank of China], which already earns nearly twice as much as JPMorgan. They'll probably be going a lot faster over time, and one day they can be a lot bigger than us.”

Ifs Numbers One Day Bigger China Faster Commercial Banks

Author:Jamie Dimon

“My guess is the big Chinese banks will be in 100 countries by then. They will have very sophisticated operations, and they may very well have bought banks around the world in countries that allow it. I mean, I don't think the American government would allow them to buy JPMorgan. But they will be able to buy a sizable big bank in the U.S. at some point. Whether they do or not, or if it's allowed or not, I don't know.”

Ifs Thinking Knows World Wells May Mean Country Bigs Government Able Around The World Chinese Operations Sophisticated American Government

Author:Jamie Dimon

“Their [American banks] big issue will be if they want to deal with the biggest companies, which are doing a lot of business overseas. How they do that is a big question. It's almost impossible to build a global investment bank from scratch. If they want to do that, they probably will have to do an acquisition.”

Ifs Want Bigs Deals Company Issues Impossible Investment Scratches Acquisition Big Questions

Author:Jamie Dimon

“If you were a corporation needing financial services, and I can give you something better, faster, and cheaper across 12 products as opposed to eight, that's business. I'm doing it because I'm serving you; I'm not doing it because I want to be universal.”

Ifs Want Giving I Can Products Universal Financial Eight Faster Corporations Serving Something Better Cheaper Financial Services

Author:Jamie Dimon

“I always tell people, "There's a book on everyone." I get some of that book before I do anything. If I want to deeply understand someone's reputation, I'll talk to their friends, their former bosses, their peers, and I'll learn a lot about them. I want them to be trusted. I want them to be respected. I want them to give a s - -. Then there are the intangibles: physical and emotional stamina, the ability to confront issues. I can ask all I want about those things, but I also have to see a lot of it.”

People Ifs Want Giving I Can Book Asks Ability Issues Emotional Reputation Former Boss Trusted Peers Stamina

Author:Jamie Dimon

“And if you're going to be a leader, you know what I ask myself? Would I want to work for you in this job? Would I let my children work for you? Would I give you this job if I wasn't there to provide oversight? If you went to run another company, would I, as an investor, invest in that company?”

Ifs Knows Want Giving Children Running Jobs Asks Company Leader My Children Investors Oversight

Author:Jamie Dimon

“If you have the choice, it's far better to say, "That person has the job, and they really don't need that much of my oversight." Maybe they don't need any of it.”

Ifs Needs Persons Jobs Choices Oversight

Author:Jamie Dimon

“If I ran the whole place like it was my way or the highway, we would not be as good a company. I'm going to have mistakes - they'll be made on my watch and will embarrass me. But I'll also make sure the company learns from them so it can become a better company.”

Ifs Way Made Whole Mistake Company Watches My Way Ran Highways

Author:Jamie Dimon

“Well, if you were the American public, you saw a catastrophe. In general, you would say, "The biggest institutions of America - Washington, broadly, and Wall Street, broadly - they're to blame." And, broadly, they're right.”

Ifs Wells America Saws Streets Wall Institutions Blame Catastrophe

Author:Jamie Dimon

“Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market. The market will sell you if they think you're riskier. Banks didn't do that”

Ifs Thinking Care Remember Trade Sells Who You Are

Author:Jamie Dimon

“A bank is a relationship. I can't desert you and expect to have a strong relationship afterward. If I told someone, "I know you've been buying milk from me and you need milk to survive. But the price is no longer $2 a gallon. It's going to be $40 a gallon. I'm going to bankrupt you." What do you guys think of me? You would hate us.”

Ifs Thinking Knows Needs I Can Guy Hate Strong Desert Buying Milk Think Of Me Gallons Strong Relationship

Author:Jamie Dimon

“When you walk into a store and you want to buy something, you give them cash and they sell it to you. But very often, you walk into our "store" and you want something - a credit card, maybe, or a loan - and very often the answer is "No," even if you're a large corporation.”

Ifs Want Giving Answers Walks Sells Credit Stores Cards Corporations Cash Loan Want Something Credit Card

Author:Jamie Dimon

“I've always wanted to help build a better society and build a better company, and I always wanted a healthy, vibrant company, a healthy, vibrant society. We take care of our people, we provide them with opportunity. But I've always believed business is here to serve your clients, your shareholders, your communities. If we do this well, everyone benefits. We have to do a good job for all of them.”

People Ifs Wells Helping Care Wanted Jobs Opportunity Community Company Healthy Benefits Take Care Clients Good Job Always Believe Shareholders

Author:Jamie Dimon

“If it is a small rate raises, [there will be] no impact.”

Ifs Raises Impact Rate

Author:Jamie Dimon

“The best thing to do is muddle through and maybe, over time, create a solution of that, if someone really wanted to exit, the legal basis on which you could exit. Because right now there almost doesn't exist one.”

Ifs Wanted Right Now Solutions Bases Best Things Things To Do Exit Muddle

Author:Jamie Dimon

“The "third arrow" (of structural reform) is critically important. Japan has some of the best companies in the world, and if you look at their technology, their capability, it's extraordinary.”

Ifs World Looks Important Company Technology Thirds Extraordinary Reform Japan Capability Arrows Best Company

Author:Jamie Dimon

“The goal of what Japan's central bank is doing is to create growth. If it actually creates growth, in the long run, it will lead to appreciation.”

Ifs Long Running Goal Growth Appreciation Japan Long Runs Central Banks

Author:Jamie Dimon

“The yen is trading where it's trading because people are guessing about people's future interest rates, dollar and yen and about the future growth potential of the economies. And, if this policy works, then the yen will probably strengthen.”

People Ifs Growth Interest Economy Policy Dollars Rate Trading Guessing Interest Rate Future Growth

Author:Jamie Dimon

“If you went to all those little towns in America, JPMorgan was there in good times and bad times, and, in fact, helped a lot of people through the tough times. And we know that's when they need us the most.”

People Ifs Knows Needs Littles Facts America Tough Towns Good Times Tough Times Bad Times Little Towns Good Times And Bad Times

Author:Jamie Dimon

“As a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for both the investment bank - which gets a huge volume of business - and the commercial bank because the commercial bank can walk into a company and say, "Oh, if you need X, Y and Z in Japan or China, we can do that for you."”

Ifs Needs Matter Facts Can Do Walks Company Huge Advantage Investment China Japan Volume Banking Matter Of Fact Competitive Advantage Investment Banking Commercial Banks

Author:Jamie Dimon

“If you can't use dividends, it's not a bad thing to give it back to your shareholders. They'll use it somewhere else.”

Ifs Giving Use Bad Things Somewhere Else Dividends Shareholders

Author:Jamie Dimon

“I think if we had another set of policies for - not the crisis years, but after that, that we might be growing faster. But we didn't. And some of that was Republicans' [fault], by the way.”

Ifs Thinking Way Years Might Growing Policy Republican Crisis Faults Faster

Author:Jamie Dimon

“Economies of scale are a good thing. If we didn't have them, we'd still be living in tents and eating buffalo.”

Ifs Stills Economy Eating Good Things Scales Tents Buffalo

Author:Jamie Dimon

“If business doesn't thrive, it hurts America. We need improved relations, more collaboration, more thought and more consistency as we go about trying to make sure we have the best country in the world. Not scapegoating and finger-pointing.”

Ifs World Needs Trying Country America Hurt Relation Fingers Thrive Collaboration Consistency It Hurts Pointing Pointing Fingers Best Country

Author:Jamie Dimon

“If the economy grows, housing gets better, quicker.”

Ifs Grows Economy Get Better Housing

Author: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.”

Ifs Way Looks Officials Inappropriate Elected Officials Regulators Lobbying

Author:Jamie Dimon

“If the government wants to do social policy, it should not be done in a quasi-public company. If you have a mortgage guarantee company which is done by the U.S. government, it should be guaranteed by the originators, i.e., the shareholder.”

Ifs Want Should Done Government Social Company Policy Guarantees Mortgage Shareholders Social Policy

Author:Jamie Dimon

About the Author

Born: March 13, 1956
Known for: Business person
Quotes: 203

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