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JP Morgan boss apologises for taking jab at Chinese Communist Party

JP Morgan boss Jamie Dimon has apologised after saying his Wall Street bank would outlast the Chinese Communist Party.
 
The comments, made at a US event, sparked anger in China, with experts warning they could jeopardise the bank's ambitions in the country.
 
Mr. Dimon said he was only trying to emphasise the strength of the bank.
 
Academics suggested the quick apology was aimed at containing the fallout.
 
                      
 


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