“It would not make any sense,” Jamie Dimon told the paper. “If you only buy a company just to consolidate it, it is almost impossible to do without killing the patient.”
Dimon told the paper that consolidation among Europe’s banks could make sense, and appealed for a common deposit insurance scheme in Europe.
Dimon’s remarks about Deutsche come on the same day that activist investor Hudson Executive Capital, led by JP Morgan’s former Chief Financial Officer, took a 3.1 percent ownership stake in Germany’s flagship lender.
Reporting by Edward Taylor; Editing by Alexandra Hudson