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Jamie Dimon says JPMorgan Chase would exit China if ordered to
  + stars: | 2023-11-29 | by ( Hugh Son | ) www.cnbc.com   time to read: +2 min
of JPMorgan Chase & Co. Jaime Dimon speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. JPMorgan Chase CEO Jamie Dimon said Wednesday that his bank would exit China if the U.S. government ordered him to. "If the American government makes me leave China, I'm leaving China," Dimon said at the DealBook Summit during a discussion about a potential future conflict over Taiwan. Dimon called relations with China, the world's second largest economy, "a very complicated subject" and said that engagement with both China and the U.S. government was necessary. "I think it's good for an American bank to be there to help multinationals around the world and China with their own development if it makes sense," Dimon said.
Persons: Jaime Dimon, JPMorgan Chase, Jamie Dimon, Dimon, it's, Israel — Organizations: JPMorgan Chase &, New York Times, JPMorgan, U.S ., U.S Locations: New York City, China, U.S, I'm, Taiwan, Ukraine, Israel, American, Mexico, Canada
Of the 11 S&P 500 sector indexes, seven declined, led lower by industrials (.SPLRCI), down 2.25%, followed by a 1.72% loss in energy (.SPNY). The S&P 500 declined 0.58% to end the session at 4,100.68 points, closing lower for the first time in a week. The Nasdaq declined 0.52% to 12,126.33 points, while the Dow Jones Industrial Average declined 0.59% to 33,403.04 points. REUTERS/Brendan McDermidHealthcare (.SPXHC) and utilities (.SPLRCU), which many investors expect to hold up better during an economic slowdown, were among the few S&P 500 sector indexes gaining on Tuesday. The S&P 500 posted 14 new highs and one new lows; the Nasdaq recorded 64 new highs and 238 new lows.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer discusses Jaime Dimon's outlook and Nvidia's AI boom predictionsCNBC's Carl Quintanilla, Jim Cramer and David Faber reports on the news affecting Thursday's markets.
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