Jamie Dimon walks back on China Communist Party comment

JPMorgan Chase Chief Executive Jamie Dimon on Wednesday walked back on his remarks on China's Communist Party, a day after he joked that his bank would last longer than the party.

JPMorgan Chase Chief Executive Jamie Dimon on Wednesday walked back on his remarks on China's Communist Party, a day after he joked that his bank would last longer than the party. "I regret and should not have made that comment. I was trying to emphasize the strength and longevity of our company," Dimon said.

A JPMorgan spokesperson added that Dimon had acknowledged that he should "never speak lightly or disrespectfully about another country or its leadership." Speaking at a Boston College series of CEO interviews on Tuesday, Dimon said, "I made a joke the other day that the Communist Party is celebrating its 100th year - so is JPMorgan. I'd make a bet that we last longer."

"I can't say that in China. They are probably listening anyway," he added.

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