JPMorgan elevates 2 executives as Marianne Lake retires
Why it matters: The reshuffle puts Doug Petno and Troy Rohrbaugh at the center of CEO Jamie Dimon’s succession race, with $30 million stock awards each.
Bloomberg, CNBC
Subject
#Jamie Dimon
JPMorgan launches $50 billion buyback after Fed bank stress test
What's new: Goldman, Wells Fargo and Morgan Stanley also lifted payouts after all 32 large banks cleared the Fed review.
Bloomberg, CNBC
Banks tap SpaceX IPO to court ultrawealthy clients in New York
Why it matters: The offering could generate more than $500 million in fees while deepening private-bank ties as wealth competition intensifies.