Same topic Authors
Quote of the day

tend to be better at describing feelings and ideas, and worse at painting a picture of any physical thing. I have terrible spatial reasoning skills so even if I were describing my girlfriend, whom I see every day, it sound like I was talking about a child's drawing of her. "Very beautiful. Glasses. Brown hair. Super smart brain. Bigger than our dog. Smaller than me".

Popular Topics
Smile, Involve, Creative, Name, Inspiring, Angry, Jesus, Intelligent, Soccer, Living My Life, Hip Hop, Knowledge, Evidence, Amazing Music, Things, English, Gossip, Scholar, New York, Life Is Like, Light, Philosophy, Art, Disco, Subject, Good, Feeling, Dance, Job, Reality, Body, Bear, Music, Leadership, Heart, Poet, Enthusiast, Technical, Bible, Private Life, Oceans, Kindly, Pleasures Of Life, Glory, Education, Religion, Inspirational Life, Confidence, Difference, Comfortable
Jamie Dimon

Part of the concept of the euro zone was to establish a common market. The banks were going to bank across all their countries like we bank across states. But that concept got killed for a whole bunch of reasons that I won't get into. That was a good concept, by the way. It may yet return, because there are huge economies of scale in banking. That's another thing people don't quite get.

Bank, Banking, Banks, Country, People, Scale
Same Author Quotes

I don't think you're going to have one bank. Big companies aren't going to give us all their business. So they can pick and choose - by product, by country, whatever. We have major competition across every product in every place we operate.

Across, Country, Giving, Operate, Think, Thinking

But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization - these companies, these clients getting much bigger and much more global.

Companies, Country, Growth, Mean, Part, Savings

Let's look at lending, where they're using big data for the credit side. And it's just credit data enhanced, by the way, which we do, too. It's nothing mystical. But they're very good at reducing the pain points. They can underwrite it quicker using - I'm just going to call it big data, for lack of a better term: "Why does it take two weeks? Why can't you do it in 15 minutes?"

Call, Data, Good, Pain, Reducing, Two

I am struck that so many of our leaders in the U. S. forget how strong our country can be.

Country, Forget, Leader, Strong

My guess is the big Chinese banks will be in 100 countries by then. They will have very sophisticated operations, and they may very well have bought banks around the world in countries that allow it. I mean, I don't think the American government would allow them to buy JPMorgan. But they will be able to buy a sizable big bank in the U. S. at some point. Whether they do or not, or if it's allowed or not, I don't know.

Allow, Country, Mean, Think, Thinking, World
Similar Quotes