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JPMorgan’s Dimon Said to Relinquish Chairman Title at Bank Unit

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon stepped down as chairman of the lender’s main bank subsidiary at the start of July, according to a person briefed on the move.

Dimon, who serves as CEO and chairman of the parent company, handed off his post at the unit to William C. Weldon, a JPMorgan board member and former head of Johnson & Johnson, said the person, who asked not to be named because details of the move weren’t announced. A regulatory document released yesterday listed Dimon as “chairman emeritus” of the subsidiary, which runs JPMorgan’s deposit and consumer banking operations.