Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group.
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The two apparent front-runners to succeed
JPMorgan Chase's (NYSE:JPM) longtime and legendary CEO Jamie Dimon will now co-head the company's Consumer & Community Banking (CCB) division, JPMorgan announced today.
Marianne Lake, CEO of consumer lending, and Jennifer Piepszak, CFO of the entire company, will become co-heads of CCB, effective immediately.
As the new heads of the CCB, Lake and Piepszak will be responsible for home lending, auto finance, small business lending, U.S. wealth management, and Chase's consumer banking and credit card businesses. The bank's CCB last year generated more than $50 billion in total revenue.