The march of Chinese banks

Having just given two talks, in Singapore and Hong Kong, on the likelihood of Chinese banks, already the world’s most profitable, changing the world, it’s good to see my old boss Jamie Dimon agreeing with me. Dimon was quoted in the Financial Times today saying that JPMorgan Chase was blocked from acquisitions (in the US) by government opposition.

“He suggested US regulators might soften their approach “in seven years when maybe Chinese banks are four times our size”.”

You heard it here first.

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