JPMorgan Taps Bisignano to Oversee Home Lending
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JPMorgan Chase & Co., the second-largest U.S. bank by assets, named Chief Administrative Officer Frank Bisignano to oversee mortgage lending as home-loan losses erode the company’s earnings.
Chief Executive Officer Jamie Dimon and Charlie Scharf, the CEO of Retail Financial Services, told employees in an e-mail today that David Lowman, the unit’s CEO who joined JPMorgan from Citigroup Inc. in 2006, will report to Bisignano, effective immediately.