The stakes are perhaps the highest in China, which is opening up to foreign banks to allow access to its vast financial system and billions of dollars in potential profits.
Few firms understand the promise and perils of the market better than JPMorgan. Chief Executive Officer Jamie Dimon, who has pledged to bring his firm’s “full force” into China, said he regretted a quip that his bank would outlast the country’s ruling Communist Party last year.
This article was provided by Bloomberg News.