JPMorgan Chase Chief Executive Officer Jamie Dimon stepped down as chairman of the banks main operating subsidiary in July because of a recommendation by the Office of the Comptroller of the Currency, according to two people with knowledge of the matter.
The agency asked for the change as part of an effort to improve corporate governance at the company, said one of the people, who asked not to be identified because discussions were confidential. The move wasnt punitive, that person said. Robert Garsson, an OCC spokesman, declined to comment on the talks.
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