The Modern Businessman

Insight into current trends in Business, Finance, Psychology, Economics, and Fitness.

This blog provides running commentary on impactful and relevant current events and research. Insights into topics including Business, Finance, Psychology, Economics, and Fitness are provided by a rising Industrial/Organizational Psychologist.

Jamie Dimon Out as Chairman of JPMorgan's Main Bank Unit

October 04, 2013 by Aaron Kraus

Jamie Dimon out as Chairman of JPMorgan’s main bank unit:

Reports are saying that Jamie Dimon reportedly stepped down as Chairman of the unit of JPMorgan responsible for deposit and consumer banking operations in July. Dimon reportedly gave up the title because attorneys recommended it for “technical reasons” and not due to pressure from regulators or investors. Board member William Weldon has replaced Dimon in that capacity; however Dimon remains Chairman and CEO of JPMorgan at large.