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relates to Merkel Says EU Should Have Acted Sooner as Virus Costs Mount relates to Facebook Says Technical Glitches Improperly Blocked Campaign Ads relates to Ivory Coast Leader’s Legitimacy at Stake in Vote He’s Set to Win relates to Biden Pledges Not to ‘Extort’ South Korea With Troop-Cut Threats relates to ECB Pushes Governments to Get on With Spending in Virus Battle relates to Corbyn’s Suspension Threatens to Re-Ignite U.K. Labour Civil War relates to EU Nation That Beat First Wave of Virus Now Wants to Test Everyone relates to Abortion Ban Inflames Poland’s Toxic Culture War relates to Inside the Secret Banking Heavyweight That Aims to Revive Italy
Politics

Dimon Says He’s Hopeful Biden Would Fix Some of America’s Issues

Dimon Says He’s Hopeful Biden Would Fix Some of America’s Issues

  • JPMorgan CEO calls the candidate ‘a unifier’ by nature
  • Predicts Biden would be traditional negotiator if he wins
Jamie Dimon
Jamie Dimon Photographer: Giulia Marchi/Bloomberg
Jamie Dimon
Photographer: Giulia Marchi/Bloomberg

Jamie Dimon said he’s optimistic a Biden presidency could fix problems in the U.S. without damaging businesses.

“I am hopeful,” the JPMorgan Chase & Co. chief executive officer said at a virtual conference Friday. “Joe Biden has been around the block, he knows a lot of people, he is a compromiser, a unifier in a good way by nature.”

Dimon was responding to a question about whether he thought the candidate, who’s leading President Donald Trump in the polls, would pursue policies to fix issues with health care, education and economic inequality -- problems that Dimon says the U.S. created for itself.

Delaware, which Biden represented as a U.S. senator, “is a pro-business state,” Dimon said. “Anti-business sentiment is not a good thing.”

Dimon, who describes himself as a “patriot” and “barely” a Democrat, has become a spokesman for the industry thanks to his frequent public appearances, outspokenness on public policy and tenure atop the biggest and most profitable U.S. bank. The 64-year-old has been a vocal critic of what he sees as poor planning and management of U.S. public affairs.

“Our problems are our own,” he said, adding that business and government need to work together to improve social justice, reduce red tape, help inner-city schools with low graduation rates, fix health care and improve U.S.-China trade relations.

“I would expect the Biden administration to do a little more traditional negotiation,” Dimon said. “We’ll see who he puts in the key jobs and stuff, and that will be all-telling.”