Trump says JPMorgan’s Dimon won’t be invited to join Trump administration

FILE PHOTO: Chief executives of the country’s largest banks testify at a Senate Banking, Housing, and Urban Affairs hearing on Capitol Hill in Washington

WASHINGTON (Reuters) – JPMorgan Chase CEO Jamie Dimon will not be invited to be a part of the administration of Donald Trump, the U.S. president-elect said on social media on Thursday.

“I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the Trump Administration,” Trump said in his post.

A source told Reuters last week Dimon will remain at the bank and had no plans to join Trump’s administration after earlier having been the subject of speculation as a Treasury secretary candidate in the build up to the Nov. 5 election.

(Reporting by Kanishka Singh in Washington)