07 November 2024, 1:28 pm 1 minute

JPMorgan Chase CEO Jamie Dimon will remain at the bank and has no plans to join Donald Trump’s administration despite questions about whether he would take a senior government role after the U.S. presidential election, Reuters revealed. Dimon, 68, has been the subject of repeated speculation in recent weeks as a candidate for Treasury secretary by both Republicans and Democrats.

Why it matters

Dimon is credited with steering JPMorgan through the 2008 financial crisis and last year’s regional bank turmoil. During his tenure, the bank became the largest in the U.S., far surpassing its rivals. Taylor Krystkowiak, an investment strategist at asset manager Themes ETFs in Washington, told Reuters that investors would welcome Dimon remaining in place.