Jamie Dimon Quotes About Trade
-
We take smaller companies and middle-sized companies, all around the world, and we do currency exchange for them; we raise bonds and equities for them; and we do inventory finance, trade finance, and custody of assets.
→ -
You've seen certain credit type products that are going to be in nonbanks, like sophisticated CLO [collateralized loan obligation] tranches and stuff where the capital charge is so high that a bank simply will not own it. Someone will buy it, hedge it, trade it. But it won't typically be a bank.
→ -
Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market. The market will sell you if they think you're riskier. Banks didn't do that
→ -
My father and grandfather were stockbrokers, and they would actually take stock certificates from a vault, give it to a runner, and send it to another vault. Then somebody said, "Let's digitize it and have one vault." Now the DTCC clears and settles almost everything, and the cost of doing a trade is a tenth of what it was before.
→
Related Authors
-
Jeffrey R. Immelt Business person -
John Thain Businessman -
Henry Paulson Former United States Secretary of the Treasury -
Timothy Geithner Former United States Secretary of the Treasury -
Kenneth I. Chenault Executive -
J. P. Morgan Financier -
Lloyd Blankfein Executive -
Vikram Pandit Executive -
-
Carl Icahn Businessman -
Richard S. Fuld, Jr. Banker -
Ben Bernanke Economist -
Robert Rubin Former United States Secretary of the Treasury -
Warren Buffett Investor -
James P. Gorman Executive -
Andrew Ross Sorkin Journalist -
Sanford I. Weill Executive -
Aaron Burr Former Vice President of the United States -
John G. Stumpf Executive -
Elizabeth Warren United States Senator