President-elect Trump announced JPMorgan Chase CEO Jamie Dimon will not be serving in his administration, after previously saying he would consider Dimon for Treasury secretary.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said companies will look harder at acquisitions in the wake of the Trump victory after regulation had chilled deal activity.

JPMorgan Chase CEO Jamie Dimon will not be invited to be a part of Donald Trump's administration, the U.S. president-elect said on social media on Thursday.