Post-Election

Trump Transition Team Says Dimon Was Never In Running

Speculation has been abounding that JPMorgan Chase Chief Executive Jamie Dimon will be named Treasury Secretary under the Trump administration, but according to a report, Dimon isn’t interested and Trump is trying to save face. Seeking Alpha, citing a tweet from Hallie Jackson, NBC correspondent and anchor for MSNBC, reported Trump’s transition team is saying Dimon was never really in the running for the job of Treasury Secretary. That comes after Dimon is leaking that he has zero interest in the role.

Earlier this month, CNBC, citing two people familiar with the matter, reported advisers to President-Elect Trump had suggested Dimon as the next Treasury Secretary. CNBC noted that one source said Dimon would not want to take on the job. CNBC noted that Dimon has said over and over that he wouldn’t want to become Treasury Secretary. CNBC said it’s not clear which advisor is urging Trump to consider Dimon. The reported pointed out that Steven Mnuchin, formerly of Goldman Sachs, is seen as the leading person for the job.

Since the first report broke, speculation has abounded over whether or not Dimon would take on the role. The team over at Fox News Business certainly thought it is a live option. The official report out of FNB was that conversations remain ongoing — though Maria Bartiromo was tweeting it was pretty much a done deal. However, for all of the certainty and definitely/maybe talk over at Fox, the team at Fortune was also sure — but of a different outcome. They reported “Jamie Dimon, CEO of JPMorgan Chase, has formally told the Trump transition team that he has no interest in being the next Treasury Secretary of the United States.”

——————————

New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

Click to comment

TRENDING RIGHT NOW