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Nov. 21, 2016, 12:44 p.m. EST

Jamie Dimon was never under consideration for Treasury job, report says

Trump reportedly ‘doesn’t respect’ head of J.P. Morgan

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By Robert Schroeder, MarketWatch


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J.P. Morgan Chase CEO Jamie Dimon was ‘never under consideration’ to be Donald Trump’s treasury chief, a report says

It looks like there won’t be a Treasury Secretary Jamie Dimon in the Trump administration, according to a report.

A source speaking to NBC News said the J.P. Morgan Chase /zigman2/quotes/205971034/composite JPM -1.75%   chief executive was “never under consideration” for the Treasury post and was not on any list approved by President-elect Donald Trump.

What’s more, the source told NBC, Trump “doesn’t respect” Dimon.

A spokesperson for Trump’s transition press office did not immediately return a request for comment.

A spokesman for J.P. Morgan had no comment about the NBC report.

Days after the election, CNBC reported that advisers to Trump had floated the possibility of naming Dimon treasury chief. It’s a post Dimon himself has ruled out in the past, saying he was not interested.

The Wall Street Journal reported Trump appears likely to choose between former Goldman Sachs banker Steven Mnuchin and Rep. Jeb Hensarling, the Texan who heads the House Financial Services Committee.

Read: Mnuchin, Hensarling seen as Trump’s finalists for Treasury job.

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Robert Schroeder is a reporter for MarketWatch in Washington. Follow him on Twitter @mktwrobs.

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