Trump is reportedly considering JPMorgan CEO Jamie Dimon for Treasury secretary

Before you go, we thought you'd like these...
Before you go close icon

President-elect Donald Trump is considering offering the post of Treasury secretary to JPMorgan CEO Jamie Dimon, CNBC's Kate Kelly is reporting.

A lifelong Democrat, Dimon supported Barack Obama in 2008 and during the aftermath of the financial crisis.

As post-financial-crisis Dodd-Frank regulation started to make an impact on the American financial system, however, he became much more critical.

SEE MORE: Amazon CEO Jeff Bezos congratulates Trump in single tweet

On Wednesday, after Trump won Tuesday's presidential election, Dimon sent a memo to JPMorgan employees calling them to come together for the nation. He also made a subtle dig at Trump's stances on immigration and race.

See photos of JPMorgan CEO Jamie Dimon:

19 PHOTOS
Jamie Dimon
See Gallery
Jamie Dimon
JP Morgan CEO Jamie Dimon speaks at a Remain in the EU campaign event attended by Britain's Chancellor of the Exchequer George Osborne (not shown) at JP Morgan's corporate centre in Bournemouth, southern Britain, June 3, 2016. REUTERS/Dylan Martinez
JPMorgan Chase Chairman and CEO Jamie Dimon speaks during a discussion on "Closing the Workforce Skills Gap", at the Aspen Institute in Washington December 12, 2013. REUTERS/Mike Theiler (UNITED STATES - Tags: BUSINESS POLITICS)
Jamie Dimon (C), Chairman and CEO of JPMorgan Chase, is questioned by journalists as he and other CEOs arrive at the White House in Washington October 2, 2013, for a meeting of the Financial Services Forum with U.S. President Barack Obama. REUTERS/Jason Reed (UNITED STATES - Tags: POLITICS BUSINESS)
Workers are reflected in the windows of the Canary Wharf offices of JP Morgan in London September 19, 2013. The "London Whale" trading scandal, once dismissed by JPMorgan Chase & Co CEO Jamie Dimon as a "tempest in a teapot," is costing the largest U.S. bank $920 million in penalties and a rare admission of wrongdoing. REUTERS/Neil Hall (BRITAIN - Tags: BUSINESS)
JPMorgan Chase & Co CEO Jamie Dimon testifies before the House Financial Services hearing on "Examining Bank Supervision and Risk Management in Light of JPMorgan Chase's Trading Loss on Capitol Hill" in Washington June 19, 2012. REUTERS/Yuri Gripas (UNITED STATES - Tags: POLITICS BUSINESS)
JP Morgan Chase and Company CEO Jamie Dimon answers a question at the U.S. Senate Banking, Housing and Urban Affairs Committee hearing on "A Breakdown in Risk Management: What Went Wrong at JPMorgan Chase?" on Capitol Hill in Washington, June 13, 2012. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS)
JP Morgan Chase and Company CEO Jamie Dimon pauses during a U.S. Senate Banking, Housing and Urban Affairs Committee hearing on "A Breakdown in Risk Management: What Went Wrong at JPMorgan Chase?" on Capitol Hill in Washington, June 13, 2012. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS)
JP Morgan Chase and Company CEO Jamie Dimon is surrounded by the media as he arrives to testify before the U.S. Senate Banking, Housing and Urban Affairs Committee hearing on "A Breakdown in Risk Management: What Went Wrong at JPMorgan Chase?" on Capitol Hill in Washington, June 13, 2012. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS)
Jamie Dimon, chairman and chief executive of JP Morgan Chase and Co, speaks during the Intrepid Sea, Air & Space Museum's Annual Salute to Freedom dinner in New York, May 24, 2012. REUTERS/Keith Bedford (UNITED STATES - Tags: SOCIETY BUSINESS)
Jamie Dimon, CEO and chairman of JPMorgan Chase & Co., poses for a portrait in his office in New York, in this photo taken December 22, 2010. At last week's World Economic Forum in Davos, Switzerland, Dimon once again lambasted the media and politicians for portraying all bankers as greedy evil-doers. It was at least the 12th time since the start of the financial crisis that Dimon has complained about Wall Street critics painting all bankers as cut from the same cloth. Photo taken December 22, 2011. To match Special Report JPMORGAN/DIMON REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS PROFILE POLITICS)
JPMorgan Chief Executive Jamie Dimon (R) is seen leaving a meeting with lawyer Davis Polk in New York January 13, 2011. Some of the United States' top bankers descended on a law firm in midtown Manhattan on Thursday to pitch for what could be one of the largest share sales in history -- a secondary offering for bailed-out insurer American International Group (AIG) Inc. REUTERS/Jessica Rinaldi (UNITED STATES - Tags: BUSINESS)
JP Morgan Chase CEO Jamie Dimon speaks during a session at the World Economic Forum (WEF) in Davos January 27, 2011. Organisers and CEOs at the annual Davos meeting projected cautious confidence in the global economy as the event opened on Wednesday, pointing to numerous risks which could yet derail a still-fragile recovery. REUTERS/Vincent Kessler (SWITZERLAND - Tags: POLITICS BUSINESS)
Chairman and CEO of JPMorgan Chase Jamie Dimon delivers a keynote address on "Global Banking and Regulatory Challenges" at the U.S. Chamber of Commerce in Washington March 11, 2009. REUTERS/Jim Young (UNITED STATES POLITICS BUSINESS)
JPMorgan Chase & Co. Chairman and Chief Executive Officer Jamie Dimon speaks at the 50th annual Investment Company Institute (ICI) general membership meeting in Washington May 8, 2008. REUTERS/Kevin Lamarque (UNITED STATES)
Bank One CEO Jamie Dimon speaks at the Seventh Annual Microsoft CEO Summit at the company's headquarters in Redmond, Washington on May 21, 2003. Dimon was one of more than 100 world business leaders that are attending the gathering for two days of dialogue and interactice sessions centered on the theme "The Agile Business: Balancing Strategy and Execution."
FILE - In this July 12, 2013, file photo, JPMorgan & Chase Co. Chairman and CEO Jamie Dimon is interviewed on the floor of the New York Stock Exchange. In an op-ed published Tuesday, July 12, 2016, in the New York Times, JPMorgan Chase said it will give raises to 18,000 tellers, customer service employees, and other workers over the next two years. In the op-ed, Dimon wrote that the bank will raise its minimum pay to a range of $12 to $16.50 an hour, depending on market and location factors. Its current minimum pay is $10.15 an hour. Dimon also wrote that the bank will invest more in training that helps workers get promoted to higher-paying positions. (AP Photo/Richard Drew, File)
IMAGE DISTRIBUTED FOR JPMORGAN CHASE CO. - JPMorgan Chase CEO Jamie Dimon visits Detroit on the one year anniversary of the firm's $100 million commitment to the city's revitalization, on Monday, May 18, 2015 in Detroit. (Photo by Rick Osentoski/Invision for JPMorgan Chase Co./AP Images)
FILE - In this Sept. 26, 2013 file photo JPMorgan Chase Chairman, President and Chief Executive Officer Jamie Dimon, arrives at the Department of Justice in Washington. Morgan Chase almost doubled Chairman and CEO Jamie Dimon's pay for 2013, the bank said on Friday, Jan. 24, 2014 that Dimon will receive total compensation of $20 million in 2013, consisting of $18.5 million in stock options and a base salary of $1.5 million. (AP Photo/Manuel Balce Ceneta, File)
of
SEE ALL
BACK TO SLIDE
SHOW CAPTION +
HIDE CAPTION

"We have just been through one of the most contentious elections in memory, which can make it even harder to put our differences aside," the memo said. "But that makes it more important than ever to bind the wounds of our nation and to bring together Americans from all walks of life. Recognizing that our diversity is a core strength of our nation, we must all come together as fellow patriots to solve our most serious challenges."

JPMorgan declined comment to Business Insider about Trump's possible interest in Dimon as Treasury secretary. Steven Mnuchin, a former Goldman Sachs official, is also reportedly in the running for the position.

Dimon signaled at a JPMorgan conference last month that he expected Democrat Hillary Clinton to win the election.

"I hope the next president, she reaches across the aisle," he said.

Trump has been critical of Dimon in the past too. In 2013 he raised an eye at the CEO for settling a civil-suits against the bank.

"I don't believe in settling cases," Trump told Bloomberg. "I'm not Jamie Dimon, who pays $13 billion to settle a case and then pays $11 billion to settle a case and who I think is the worst banker in the United States."

Read the full story over at CNBC »

NOW WATCH: JAMES ALTUCHER: This is why owning a home is financial suicide

See Also:
Californians are calling for a 'Calexit' from the US — here's how a secession could work
Trump warned Amazon would have 'problems' under his presidency — here's what could happen
People in California are calling for a 'Calexit' from the US in the wake of Trump's win

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners