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JPMorgan Chase has elevated two execs, Jennifer Piepszak and Marianne Lake, to top spots as joint heads of the firm’s “sprawling” consumer and community banking division, The promotions, effective immediately, lay important groundwork for “the nation’s largest bank to be led by a woman” - NYTimes and WSJ and Bloomberg
Markets were managing to hold the line for most of the day, but a late-day sell-off pushed all three major U.S. indices much lower at the close - NYTimes and WSJ
After four decades of concerted effort and significantly expanded domestic producing, the United States is as close to energy independence as it’s been in generations. But as the ransomware hack on Colonial Pipeline dramatically proved, that “independence, however, is fragile.” And the twin threats of cybercriminals and climate change are going to demand answers from an energy system so far unable to respond - NYTimes
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