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The new role will give Lake, who has been indicated as a likely successor to Dimon, her first opportunity to run one of the bank’s business, a key qualification that was missing from her resume watch movement cufflinks omega. Lake has won praise from investors and Wall Street analysts for handling the CFO job and Dimon’s demands. “No one likes change especially given how exceptional a CFO Marianne Lake has been,” wrote Susan Katzke, a bank analyst at Credit Suisse. “We are surprised but not shocked. Talent management comes with change.”..

Dimon, 63, has made something of a joke of perpetually saying he will resign in five years. Recently, he said he the five-year clock has actually begun watch movement cufflinks omega. In her new role, Lake will oversee card services, home lending and auto finance. She has prior experience in that area, previously serving as CFO of consumer and community banking from 2009 to 2012. She took the job of CFO of the entire bank in January 2013. Piepszak’s star has been rising at JPMorgan as she moved through different businesses in JPMorgan’s consumer and community banking segment under co-president Gordon Smith..

Previously, she served as CEO of the business banking unit, and prior to that she was CFO of mortgage banking. As CFO, Piepszak will have a seat on the bank’s powerful operating committee, giving her a front row view into all of the bank’s businesses. “Jenn has excelled in every role she has taken on in her 25 years with our firm,” the memo said. JPMorgan is the biggest U.S watch movement cufflinks omega. bank by assets and is the most profitable among big banks as measured by return on tangible equity..

NEW YORK (Reuters) – Major automakers are bullish on the outlook for the U.S. economy and auto sales, but one big question remains – will President Donald Trump throw a grenade into the sector by imposing sweeping tariffs of up to 25 percent on car and auto parts imports?. The industry is in “wait-and-see mode,” but the tariffs would be a bad idea, Bob Carter, head of U.S. sales at Toyota Motor Corp, told Reuters on Wednesday. “If the tariff happened on the auto industry, quite frankly that’s pulling the pin out of the grenade,” he said at a conference on Tuesday held in conjunction with the New York International Auto Show watch movement cufflinks omega. “I don’t believe the U.S. economy can run out of the room fast enough if that happens.”..

Carter said in an interview he was optimistic the Trump administration would decide against tariffs, yet “uncomfortable” given the president’s decision last year to impose tariffs on steel and aluminum imports. Trump ran for office in 2016 on a protectionist platform aimed at shoring up U.S watch movement cufflinks omega. manufacturing jobs. He has said in the past he was considering tariffs on autos and auto parts of up to 25 percent. In February, the U.S. Commerce Department sent recommendations to Trump, which auto industry officials expect to include at least some tariffs on fully assembled vehicles or on critical technologies and components related to electric, automated, connected and shared vehicles..