JPMorgan Chase CEO Jamie Dimon Says Bankers Are 'Dancing in the Street' Following Donald Trump's Win

Jamie Dimon says that whether bankers voted for President-elect Trump aliases not, they're overjoyed astatine his victory.

The JPMorgan Chase CEO, who leads the largest slope successful the U.S. pinch $3.4 trillion successful assets, spoke connected Thursday astatine the APEC CEO Summit successful Lima, Peru, and said "a batch of bankers" are "dancing successful the street" because "they've had successive years and years of regulations, a batch of which stymied credit."

"You could talk to immoderate manufacture and they'll springiness you examples of regulations that could beryllium reduced and make it easier for them to do business while keeping the state safe, while keeping the aerial clean," Dimon said.

Related: JPMorgan Chase CEO Jamie Dimon Isn't Worried About AI Taking Over Jobs — Here's Why

Dimon isn't the only 1 highlighting the deregulations that could travel Trump's win. Wells Fargo expert Mike Mayo besides noted earlier this period that Trump's activity is expected to beryllium a "regulatory crippled changer for banks," pinch "less harsh oversight" successful position of costs and fees.

JPMorgan Chase CEO Jamie Dimon. Photographer: Manuel Orbegozo/Bloomberg via Getty Images

Despite Dimon's affirmative words astir Trump's effect connected banking, he will not beryllium portion of the President-elect's cabinet. Trump wrote successful a post connected Truth Social connected Thursday that while he respects Dimon "greatly," he would not beryllium asking Dimon to subordinate the Trump Administration.

Trump's station was publication to Dimon aloud connected shape astatine the APEC CEO Summit. Dimon responded to the connection unrecorded and thanked Trump for the note. However, he besides said he hasn't had a leader successful 25 years and doesn't want to commencement now.

Trump has already placed a spotlight connected deregulation pinch his caller actions. On Tuesday, he announced that billionaires Elon Musk and Vivek Ramaswamy would lead the recently created Department of Government Efficiency, to trim excess spending and regulations crossed the national government.

The 2 person until July 4, 2026, to transportation retired the objectives of the department.

Related: Donald Trump Hires Elon Musk and Vivek Ramaswamy to Bring 'Drastic Change' to the U.S. Government With a 2-Year Deadline