![\"Jamie](\"https:\/\/www.europesays.com\/people\/wp-content\/uploads\/2026\/05\/JPMorgan-Chase-CEO-Jamie-Dimon-Speaks-At-Economic-Club-of-Chicago-877565284-1-1.webp\")
\t\tJamie Dimon opened the door to a major takeover.\t<\/p>\n\t\t\tThursday 28 May 2026 7:48 am\n\t\t\t<\/p>\n
\t\tJamie Dimon opened the door to a major takeover.\t<\/p>\n
Jamie Dimon has kicked the door open to the prospect of JP Morgan<\/a> completing a major takeover that would shake-up the global banking landscape.<\/p>\n The Wall Street boss<\/a> raised the idea of the bank spending as much as $20bn (\u00a315bn) as it looks to capitalise on the freed up capital from deregulation reforms.<\/p>\n \u201cI do think there might be, in the next couple years, a chance to put $10bn or $20bn to work buying something,\u201d he said during a banking conference on Wednesday. <\/p>\n \u201cAnd when we do that, we\u2019ll explain to you why we think it\u2019s a great purchase.\u201d<\/p>\n Dimon said he expects JP Morgan to have $40-$50bn in excess capital above what is required by regulators. <\/p>\n He added JP Morgan was \u201cquite patient with capital\u201d and that it wasn\u2019t \u201cburning a hole in our pocket\u201d.<\/p>\n The influential banker has steered the bank as chief executive<\/a> since December 31 2005 and became chairman of the board just 12 months later. He succeeded American investment banker William B. Harrison in both cases.<\/p>\n Dimon: Investment banking is \u2018gung ho\u2019<\/p>\n Earlier this month, Dimon fought off an investor rebellion<\/a> that sought to fracture his iron grip on the bank by splitting up the two roles he holds and bringing in an independent chair.<\/p>\n \t\t\t\t\tRead more<\/p>\n \t\t\tJamie Dimon\u2019s iron grip on JP Morgan threatens investor rebellion<\/a><\/p>\n The banking chief did not hint at what acquisition he would be keen to make. However, JP Morgan would be blocked by US law from snapping up another deposit-taking bank since it has already amassed over 10 per cent of the country\u2019s deposits.<\/p>\n JP Morgan was able to bag an exemption of this rule in 2023, when it purchased First Republic in a government-run auction after the lender failed.<\/p>\n Across the US, JP Morgan banks around 86m consumers and 7.4m business clients. In the UK, its digital bank Chase<\/a> has built up a base of around 2.5m customers.<\/p>\n Elsewhere in his remarks, Dimon said he expects to spend an extra $1bn than forecasts initially pencilled in for the bank, taking annual costs to $106bn \u201cmostly driven by better performance\u201d.<\/p>\n He added that investment banking fees were expected to be up around 10 per cent in the second quarter from a year ago, whilst the trading haul of the first three months of the year<\/a> is set to continue amid the marker jitters.<\/p>\n \u201cIt\u2019s gung ho, folks,\u201d Dimon said.<\/p>\n \u201cM&A is like the best year we\u2019ve had in I\u2019ve forgotten how many years. [Equity markets] is going to be huge this year.\u201d<\/p>\n \t\t\t\t\tRead more<\/p>\n