Today: Oct 23, 2024

JPMorgan leader Dimon would believe a task in Harris management, NYT stories

JPMorgan leader Dimon would believe a task in Harris management, NYT stories
October 23, 2024



(Reuters) -JPMorgan Chase CEO Jamie Dimon would believe a central authority position, in all probability that of the Treasury Secretary, if Democratic Vice President Kamala Harris wins the U.S. presidential election, the New York Occasions reported on Tuesday. Dimon isn’t making his stance recognized publicly for concern of retribution will have to Donald Trump, the Republican presidential candidate, win, in line with the file. The CEO of the biggest U.S. financial institution has lengthy been floated for senior positions on U.S. financial coverage. However at JPMorgan’s post-earnings name previous this month, Dimon stated the danger of him being requested to absorb a central authority position used to be “virtually nil.” “And I more than likely am now not going to do it. However I at all times reserve the suitable” to rethink, he stated. Dimon’s considering has now not modified since then, a supply just about him informed Reuters. On the other hand, down the street if there’s a place the place he will have important affect within the position then he might believe it, regardless of the political birthday celebration, the supply added. The supply declined to be named on account of the sensitivity of the guidelines. Dimon took the reins at JPMorgan in 2006. He has emphasised that he and the remainder of the board will “do the suitable factor” on succession when he ultimately leaves, with out specifying main points. He has been outspoken on financial and coverage issues and has ceaselessly celebrated American exceptionalism, together with in his extensively learn annual letter in April. “I have at all times been an American patriot and my nation is extra vital to me than my corporate,” he informed analysts on a choice this month. The financial institution declined to remark at the file. Spokespeople for the Harris and Trump campaigns didn’t right away reply to Reuters’ requests for remark. (Reporting by means of Niket Nishant in Bengaluru and Nupur Anand in Washington; Modifying by means of Anil D’Silva and Stephen Coates)

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