JP Morgan switches up top executive roles

JP Morgan's CFO Marianne Lake will now serve as the new chief executive of the firm's consumer lending and card services businesses, while Jennifer Piepszak — currently CEO of Chase Card Services — will step in as CFO, effective May 1.

Between the lines: Per an internal memo, Lake will " be heading a major group of businesses that is core to how [JP Morgan] serve[s] millions of Chase customers." Lake — who has been seen as a possible successor to CEO Jamie Dimon — has "more direct experience in running a business unit within J.P. Morgan," as CNBC points out.