JP Morgan has abundant management capacity to make further bank acquisitions in the US and overseas, with pieces of Citigroup’s international consumer banking franchise a prime target if they were put up for sale, according to a senior executive of the US bank.

In an interview with CreditSights, the independent research firm, Don McCree, executive vice president of treasury, corporate finance and mergers and acquisitions at JP Morgan, said the bank has the capacity to acquire regional US banks and that a potential sale of parts of Citigroup's international franchise would represent "interesting" opportunity.