Jenny Surane is a finance reporter at Bloomberg News.
The Wall Street giant's biggest restructuring comes as prepares to welcome Andy Sieg to oversee its ambitions with high net worth clients.
The bank's digital investing service will be available online and by mobile phone through a partnership with robo adviser SigFig.
JPMorgan Chase named two insiders to run a combined wealth management and investment services unit, according to company memos.
The bank can adapt to adjustments needed to deal with claims it opened 2 million customer accounts without authorization, according to CFO John Shrewsberry.