those people would be redeployed into other areas of the business .

A political candidacy in the making ? It ’ s no wonder , given Dimon ’ s shrewd thinking and his pedigree in New York ’ s business scene , that he ’ s often compared with the likes of Michael Bloomberg and Donald Trump . Both went into politics – albeit with different political styles and flavours that often clashed with each other .

Dimon himself has often been urged to run for US president , including most recently by the billionaire hedge fund manager Bill Ackman , although Dimon has often distanced himself from these suggestions . There ’ s no doubt that Dimon would be a popular choice among New York ’ s bankers and investment managers – but would he consider a run to be leader of the free world ?

“ I thought about thinking about [ running for president ],” Dimon previously told 60 Minutes cryptically . “ But I talked to one person and I decided to think no more .” It was never revealed who the other party to that conversation was , but Dimon later clarified that he would “ probably not ” run for public office in future .

He has taken aim at political infighting and economic stagnation , but it ’ s clear how well a Dimon candidacy would compute in the minds of voters . In the run up to another sure-to-be fiercely contested election campaign , the idea is once again on the lips of political observers . Dimon is undoubtedly successful in his field and should earn the respect of the electorate , were he to run , but his style is probably not radical enough to secure the nomination of either of the two main parties . Besides , even at this early stage , the 2024 US Presidential Election looks like it will be a rerun of last time out with the same candidates , meaning there is no space on the ticket for someone like Dimon – not this time round , at least . fintechmagazine . com 25