OCC reportedly asked Dimon to leave chairmanship of bank unit

10/17/2013 | Bloomberg

JPMorgan Chase Chairman and CEO Jamie Dimon, who stepped down as chairman of the bank's main subsidiary in July, did so at the request of the Office of the Comptroller of the Currency, according to sources familiar with the change. The move was intended to improve corporate governance and was not a punitive measure, the sources said. Asked about the change, Dimon said, "We thought this board change we made was consistent with our regulators' views and governance for a banking subsidiary."

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