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Jamie Dimon, the CEO of JPMorgan Chase, has hinted that he may be preparing to retire in the near future. This announcement comes as the bank faces increased scrutiny and pressure from regulators. Dimon has been at the helm of JPMorgan Chase for over 15 years and is one of the most influential figures in the banking industry.

Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-05-20-2024/card/jamie-dimon-hints-he-is-preparing-to-retire-as-ceo-of-jpmorgan-chase-WU3zA7FOuCP2FLIwMEga

Wells Fargo has hired former JPMorgan executive Fernando Rivas to lead its investment banking division. Rivas brings over 20 years of experience in the industry and will be responsible for overseeing the bank’s mergers and acquisitions, capital markets, and other advisory services. This move is part of Wells Fargo’s efforts to revamp its investment banking business and regain investor confidence following a series of scandals.

Source: https://www.wsj.com/finance/banking/wells-fargo-hires-ex-jpmorgan-investment-bank-boss-fernando-rivas-5d737a85

In a recent interview, JPMorgan Chase CEO Jamie Dimon discussed the state of the economy, potential geopolitical risks, and the impact of artificial intelligence. He expressed optimism about the economy but warned of potential challenges such as trade tensions and cyber threats. Dimon also emphasized the importance of investing in AI and technology to stay competitive in the global market.

Source: https://www.wsj.com/video/series/in-depth-features/jamie-dimon-on-the-economy-geopolitical-risks-and-ai-full-interview/5145E3B2-B2C4-4CAA-866D-B4792504E7BB

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