JPMorgan Has $20 Billion at Stake as Dimon Jokes About China
- U.S. bank takes steps to downplay Dimon’s comment internally
- JPMorgan among top Wall Street banks with exposure to China
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Jamie Dimon’s eyebrow-raising joke about JPMorgan Chase & Co. outlasting China’s Communist Party has so far been met by public silence from officials in Beijing.
But with nearly $20 billion of exposure in the world’s second-largest economy -- and big ambitions to expand even further -- the U.S. bank has a lot riding on maintaining cordial relations with a government that’s sensitive about anything that might be construed as questioning its legitimacy.