New York City is “obviously the financial center of the world,” but needs to stay competitive to keep that title, according to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon.

“No one has the right, in my view, to think they have a divine right to success,” Dimon said Tuesday at the Economic Club of New York. “You’ve seen it with cities, you’ve seen it with governments, you’ve seen it with countries — people go the wrong way.”

READ MORE:  New York Must Fight to Compete With Cities Worldwide, Dimon Says