Stories

Jamie Dimon staying at JPMorgan for five more years

Dimon
Jamie Dimon. Photo: Scott Olson / Getty Images

JPMorgan Chase CEO and Chairman Jamie Dimon announced Monday that he will stay at the company for "approximately five more years."

Why it matters: JPMorgan is the nation's largest bank and Dimon, 61, regularly rebuffs questions about a future political career.

Details: Daniel Pinto, CEO of the company's Corporate & Investment Bank, and Gordon Smith, CEO of Consumer & Community Banking, have been appointed Co-Presidents and Co-Chief Operating Officers, effective Tuesday. They'll continue reporting to Dimon and now are frontrunners to succeed him.