Apr 17, 2019

JP Morgan switches up top executive roles

Outgoing JP Morgan CFO Marianne Lake. Photo: Abhijit Bhatlekar/Mint via Getty Images

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.

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Axios
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

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  2. U.S.: Total confirmed cases as of 9 p.m. ET: 5,246,760 — Total deaths: 167,052 — Total recoveries: 1,774,648 — Total tests: 64,831,306 — Map.
  3. Politics: House Democrats to investigate scientist leading "Operation Warp Speed" vaccine project — McConnell announces Senate will not hold votes until Sept. 8 unless stimulus deal is reached.
  4. 2020: Biden calls for 3-month national mask mandate — Biden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
  6. Business: Why the CARES Act makes 2020 the best year for companies to lose money.
  7. Public health: Fauci's guidance on pre-vaccine coronavirus treatments — Cases are falling, but don't get too comfortable.
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Jacob Knutson
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Trump says he intends to give RNC speech on White House lawn

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President Trump told the New York Post on Thursday that he plans to deliver his Republican National Convention speech from the White House lawn, despite bipartisan criticism of the optics and legality of the location.

Why it matters: Previous presidents avoided blurring staged campaign-style events — like party conventions — with official business of governing on the White House premises, per Politico.

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Fauci's guidance on pre-vaccine coronavirus treatments

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