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Jamie Dimon will eat more crow after Thanksgiving

MELBOURNE, Nov 25 (Reuters Breakingviews) – Jamie Dimon is consuming crow for Thanksgiving. After initially making an attempt to stress that he was simply kidding in his feedback learn more on Tuesday in regards to the Chinese Communist Party’s centennial, JPMorgan’s (JPM.N) boss bought critical.

First, he expressed remorse and defined that he was targeted on his financial institution’s “strength and longevity.” Then he adopted up with a second assertion learn more on Wednesday that “it’s never right to joke about or denigrate any group of people” because it “can take away from constructive and considerate dialogue in society.”

Needing two cracks at defusing the situation makes clear just how serious the situation is for JPMorgan. The damage control probably isn’t finished yet either. After spending years building its presence in China, there’s a risk for the bank that Beijing takes offence and insidiously slows its progress. That makes it all the more likely that even after the U.S. holiday is over, Dimon will keep reminding President Xi Jinping just how grateful he is. (By Antony Currie)

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Editing by Jeffrey Goldfarb and Thomas Shum

Reuters Breakingviews is the world’s leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

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Jamie Dimon, chairman & CEO of JP Morgan Chase & Co., arrives to testify before a House Financial Services Committee hearing on

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