Not so long ago, Jamie Dimon was trumpeted as America’s
least-hated banker, the last man standing with both his reputation and good
name intact amid a sea of contempt for big bank CEOs. He was viewed as the only
adult on Wall Street, a potential Treasury Secretary, the undisputed leader and
voice of the U.S.
financial system.
But that was before last year’s London Whale trading fiasco
that saw JPMorgan Chase suffer $6 billion of trading losses. Now, it is unclear
whether JPMorgan Chase’s own shareholders will see Dimon fit enough to have
full leadership control of the nation’s biggest bank. The chorus is growing
louder for JPMorgan Chase CEO Dimon to be removed as chairman of the bank’s
board, splitting the chief executive and chairman roles at the bank for the
first time since 2006…
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