JPMorgan will not raise its dividend until the threat of a “double dip” in the economy has subsided, the company’s chief executive, Jamie Dimon, has said, according to Reuters.

Mr Dimon made the comments at the financial institution’s annual investor meeting, according to the news service. Representatives from the bank stated that ideally the dividend would be increased from 75 cents to $1.

However, further confirmation that the financial crisis had ended, such as rising employment figures, would be needed before the bank would increase the figure.

“We don't mind holding extra capital right now because we don't know what's going to happen. There are huge potential negatives out there," Mr Dimon was quoted as saying.

Mr Dimon has also voiced fears that although the debt crisis in Greece was not an issue for the bank, he is concerned about the ability of US states such as California to manage heavy debt burdens.