JPMorgan Chase CEO Jamie Dimon has no plans to join Trump administration

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JPMorgan Chase CEO Jamie Dimon has no plans to join Trump administration

Major banks release first quarter earnings

Dimon says JPMorgan Chase’s numbers are strong, but warns of future threats in earnings report

05:07

JPMorgan Chase CEO Jamie Dimon will remain in his post at the bank and has no plans to take a position within the Trump administration, a source familiar with the matter told CBS MoneyWatch Wednesday. 

Despite speculation that he might be in the running to be appointed U.S. Treasury secretary, Dimon had previously dismissed the possibility. In an earnings call last month, the chief executive said the chances of him taking a senior government role were “almost nil.” 

The executive, who is America’s most prominent banking industry CEO, also reaffirmed his intentions to remain at the helm of JPMorgan Chase for the foreseeable future.

“I intend to be doing what I do. And I almost guarantee I’ll be doing this for a long ******* of time. Or at least until the board kicks me out,” he said. 

Dimon believes he is best equipped to serve the country by remaining at JPMorgan, a source familiar with the matter added. 

Dimon last month shot down rumors and even claims by now President-elect Donald Trump that the banking executive had endorsed him for president. 

“Jamie Dimon has not endorsed anyone. He has not endorsed a candidate,” Joe Evangelisti, a spokesperson for the New York-based bank told CBS News in a statement at the time.

JPMorgan Chase is the largest U.S. bank, with assets of $4.2 trillion. 

Megan Cerullo

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting.

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