JPMorgan's Dimon says bank stayed in eurozone periphery for 'social reasons' Speaking at a breakout session at the World Economic Forum annual meeting in Davos, Mr Dimon, said the bank had about $15bn (£9.55bn) exposure to Ireland, Portugal, Italy, Greece and Spain, and was aware of the risks. "It's largely to corporations and sovereign and some banks," Mr Dimon said. But we made a decision which was largely social, and partially economic, to stay. I hope we will still be doing business there in 50 or 75 years. Mr Dimon was dismissive of claims that banks were only interested in profits, saying that JP Morgan, where the former British prime minister Tony Blair is an adviser, could boost profits by 50pc by taking on a bit more risk. However, he said he wouldn't engage in such short-termism because the bank's strategies are based on a ten to fifteen year view.