Jamie Dimon’s prospects of holding on to the chairmanship of JPMorgan Chase dimmed yesterday as a second shareholder advisory group recommended he be stripped of the role.
Calls between senior executives and institutional investors are scheduled for the next few days in the run-up to a crucial annual meeting on May 21, when shareholders will decide whether to create an independent chairman at the bank.
Damaged by the fallout from the “London whale” affair, in which JPMorgan traders lost $6bn betting on credit derivatives, Mr Dimon could lose one of his roles. Other directors risk losing their positions altogether.
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