RERUN: Jamie Dimon on what keeps him up at night
Corner Office from Marketplace
Marketplace
4.8 • 545 Ratings
🗓️ 10 April 2019
⏱️ 33 minutes
🧾️ Download transcript
Summary
Jamie Dimon led JPMorgan Chase & Co. through the financial crisis. Today, it’s the largest bank in the United States, managing nearly $3 trillion – more than the gross domestic product of several countries. Now, though, he’s more worried about cyber security. And yes, he does know what he wants to do when he (eventually) retires.
This interview was originally released October 3, 2018
Transcript
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| 0:00.0 | Hey, everybody, it's Kai. Thanks for listening to The Corner Office podcast. What we've got for you |
| 0:06.4 | today is an interview I did with Jamie Diamond, the CEO of J.P. Morgan Chase, of course, back in |
| 0:10.7 | October, I guess it was. And we wanted to get it back in your feed because it's got some |
| 0:14.8 | extra relevance right now. Diamond is testifying today, which would be Wednesday, the day this drops, |
| 0:19.8 | before Congress, along with a bunch of other big bank CEOs. |
| 0:22.9 | The first time CEOs from all of those banks have been summoned, so to speak, to the Hill at the same time like this, since not long after the financial crisis. |
| 0:31.1 | So it should be an interesting hearing. |
| 0:32.8 | In the meanwhile, my interview with Jamie Diamond from a couple of months back talked about the financial crisis and risk-taking and what keeps him up at night. |
| 0:41.3 | We're expecting you. |
| 0:42.7 | Don't you ever see? |
| 0:43.8 | Ready to go to work. |
| 0:46.0 | Jamie Diamond, welcome to the partner. |
| 0:47.8 | Happy to be here. |
| 0:48.6 | Thank you for having me. |
| 0:49.9 | So I was reading all this stuff on you before I came to sit down. |
| 0:52.7 | And I was trying to figure out how a guy from Queens grew up to run the biggest bank than company. And here's what I came up with, and I'd be interested in your take on this. And you're smiling now. I think it's because you're careful. I think it's because you're super cautious. What do you think? I am partially super cautious, yes. and I always tell people the bank, and we spend more time at risk mitigation than taking risk, |
| 1:14.5 | trying to figure out how we can serve our clients and minimize the risk that that creates. |
| 1:18.1 | But I do want to point out, I came from Queens. |
| 1:20.1 | My grandparents were immigrants. |
| 1:22.3 | Right. |
| 1:22.6 | But my grandfather started at a bank, the Bank of Atlantic, which was partially owned by the Greek National Bank |
| 1:28.3 | at the time. Eventually, after World War II became a stockbroker, my father became a stock broker, and I read like Graham and Dodd in high school. Really? Yeah. So when you were a kid, you were in this? Yeah, I liked it. I have two brothers. I have a twin brother who became an educator, and an older brother became a physicist, a real physicist, |
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