Dimon Says He Could Beat Trump in Election Because 'I'm Smarter'

JPMorgan Chase is helping to finance new businesses near established retail hubs that survived the worst of Detroit’s slump

He added, pointing to himself, "And by the way this wealthy New Yorker actually earned his money. I get frustrated because I want all sides to come together to help solve big problems". "It wasn't a gift from daddy".

"I think I could beat Trump", he said at an event about JPMorgan's new $500 million initiative to boost economic growth in USA cities. "I am part of the elite".

Later in the day, Dimon expressed regret for his latest discourse into politics and denied any interest in running for president. "I shouldn't have said it", he said. "I don't think the American public looks at Trump as part of the elite".

Dimon, 62, was among the group of executives of the now-disbanded Trump business advisory panel who criticized the president for his remarks after a white supremacist rally in Charlottesville, Va., ended with the death of a young woman.

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"I mean, I've said this before Trump was elected".

"I shouldn't have said that", Dimon told ABC's Rebecca Jarvis Wednesday in an exclusive interview after making the comments during a panel with her in NY. The banking executive fully supported President Trumps corporate tax cuts that passed late a year ago, but has expressed frustration with the White Houses positions on immigration and trade. She says that, not me, ' he said. And this year, Dimon said the administration's policy of separating children from parents at the US border with Mexico was cruel.

JP Morgan chief Jamie Dimon declared today he would make a better president than Donald Trump, only to retract the comment within hours.

During the 2008 financial crisis, Dimon steered his company through the rough waters with JPMorgan Chase the only bank to show a profit during that time.

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