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JPMorgan’s Dimon says he regrets China Communist Party comment

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Reuters

By Scott Murdoch and Matt Scuffham HONG KONG/NEW YORK (Reuters) -JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday he regretted his remarks that the Wall Street bank would last longer than China’s Communist Party, moving quickly to avoid any longer-term fallout. Dimon’s comments had risked jeopardizing JPMorgan’s growth ambitions in China where it won regulatory approval in August to become the first full foreign owner of a securities brokerage in the country. China experts in the United States said his quick apology should ensure no serious damage was done. “I regret and should not…

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