Trump rules out JP Morgan's Jamie Dimon for administration role

US President-elect Donald Trump announced on Thursday that

JPMorgan Chase CEO

Jamie Dimon will not be invited to join his administration.
"I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the

Trump Administration

,"

Trump

said on social media.
Reports last week suggested that Dimon planned to remain at

JPMorgan Chase

and had no intention of joining the administration. Dimon himself had said last month that the likelihood of him accepting an administration position was "almost nil."
Before the election, Dimon was considered a potential candidate for

Treasury Secretary

. Trump has yet to announce his pick for the position. According to a Reuters report citing sources, billionaire banker

Howard Lutnick

and investor Scott Bessent are the leading contenders.
Dimon, who has served as JPMorgan Chase's CEO for nearly 19 years, congratulated Trump and other elected officials alongside the bank's operating committee after the election.