Home / Quotes / Quote by Jamie Dimon

Quote by Jamie Dimon

“I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively, very aggressively, and very successfully building its U.S. investment bank.”

Quote by Jamie Dimon

Author

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. more

You May Also Like

“A man seldom thinks with more earnestness of anything than he does of his dinner.”

Thinking Men Doe Food Eating Dinner Earnestness Eating Food Food And Eating Dining Table Eating Dinner

Book:Boswell's Life of Johnson: Including Boswell's Journal of a Tour of the Hebrides, and Johnson's Diary of A Journey Into North Wales

Source: Boswell's Life of Johnson: Including Boswell's Journal of a Tour of the Hebrides, and Johnson's Diary of A Journey Into North Wales

“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

“At Travelers, we were much more opportunistic. It was very successful, but it wasn't an integrated financial services company. We had a property casualty company, a life company, a brokerage company. We were a financial conglomerate. It wasn't a unified, coordinated strategy of any sort. When it merged with Citi, that became a big issue; Citi, at that time, wasn't yet a fully integrated, coordinated company.”

Bigs Company Issues Successful Strategy Property Financial Traveler Integrated Casualties Unified Financial Services

Author:Jamie Dimon

“JPMorgan was already, for the most part. Our businesses at JPMorgan share the same cash-management systems. The commercial bank, the private bank, the retail bank, they all use the branches. The cash-management system moves the money around the world - for global corporations, and for you, the consumer, too.”

World Use Moving Share Management Around The World Consumers Corporations Branches Cash Retail Management Systems Commercial Banks

Author:Jamie Dimon

“Our global corporate investment bank competes with Goldman Sachs, Citibank, and a bunch of other banks that are in those businesses. We may have slightly different products or services, but so what? That's always been true in American business.”

May Different Products Investment Bunch Corporate American Business Goldman Sachs Citibank

Author:Jamie Dimon

“Our investment bank looks like it does because its customers like our expansive network and want to do equity, debt, M&A, custody, move money, deposit money, et cetera.”

Want Looks Doe Moving Investment Debt Customers Equity Deposits Custody

Author:Jamie Dimon

“We have built a very good company, and we're proud of it. We also recognize that much of it has been built on the shoulders of the thousands of employees and leaders who have worked here before us.”

Has Beens Company Leader Proud Built Very Good Shoulders Employee Good Company

Author:Jamie Dimon

“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.”

Thinking World Names Five Institutions Primaries Boards New World Competitors Adjusting

Author:Jamie Dimon

“My operating assumption is we will always have very tough competition. And even with some European banks struggling right now, some of them can reemerge - and maybe even stronger.”

Struggle Right Now Tough Stronger Competition Assumption Tough Competition

Author:Jamie Dimon

“I hate the word universal, because I don't know exactly what it means. The question is, does it work for the client? Travelers was a diversified, financial conglomerate that did very well. The businesses had nothing to do with each other.”

Knows Wells Mean Doe Hate Universal I Hate Financial Clients Traveler

Author:Jamie Dimon