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JPMorgan Chase Boss Jamie Timon Wall Street emphasizes “hope,” “patience” and “strength” in a tense way Presidential election It may go unresolved for several days.
“While strong opinions and great interest characterize this American election, it is the responsibility of each and every one of us to respect the democratic process, and ultimately its outcome,” Diman wrote in a note to all staff on Wednesday morning.
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JPMORGAN’s Timon says more firm, warns businesses will not retain coronavirus lockdowns yet
Timon, the country’s longest-serving and politically outspoken bank CEO, warned that it would take some time to see who would win the big political races, and that Wall Street has been in a state of panic for months.
J.P., held on May 8, 2019 in Beijing, China. Jamie Timon at a page of the Morgan Global China Summit. (Giulia Marchi / Bloomberg via Getty Images)
“We need to have confidence in our electoral and judicial systems and have the patience and energy to wait for a final decision,” Timon wrote.
“While I have deep and firm faith in America, we do not have the divine right to success,” he said. “We will do everything we can to strengthen our exceptional union.”
On Oct. 22, Dimon JPMorgan wrote a memo to employees to come out and vote, but expressed concern about social unrest following the election.
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“Peaceful and lasting change of power – whether it is a president’s second administration or new – is a sign of America’s 244 years of history as an independent nation,” Timon wrote just days after President Trump’s speculation that he could challenge any decision that was not in his favor.
Timon and Trump have a history.
According to several reports, Trump approached a so-called “American banker” as his Treasury secretary in 2017, but he refused. In 2018, Demon publicly believed that Trump could win an election, which sparked a tweet storm from the president and an apology to Timon.
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