Jamie Dimon Says Succession at JPMorgan Is 'Well on the Way'.

Jamie Dimon, CEO of JPMorgan Chase & Co., announced during the firm's investor day that the bank is "well on the way" with its succession plans. Dimon, who has been CEO since 2006, stated that his retirement is no longer five years away, indicating that a successor will be chosen soon. The bank also raised its forecast for this year's net interest income to $91 billion and discussed potential fallout from proposed plans to increase capital requirements for big banks. Dimon criticized the Basel proposals, stating that they will harm the poorest consumers and damage America. [Extracted from the article]

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