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Imagine Wall Street Without Jamie Dimon and Lloyd Blankfein

The succession plans at JPMorgan and Goldman say a lot about where the companies—and the Street—are headed.
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In another universe, they might have starred in an odd-couple comedy about a pair of New Yorkers who rise to fame and fortune: Jamie Dimon, the voluble, sometimes ill-tempered alpha male from Queens; Lloyd Blankfein, shorter and bald, the wisecracking sidekick from Brooklyn.

Now the men atop the world’s two preeminent banks—Dimon at JPMorgan Chase & Co., Blankfein at Goldman Sachs Group Inc.—have announced plans for an orderly handoff. It’s part of a wider succession moment sweeping through finance a decade after the financial crisis, as men in their 60s and 70s prepare their companies for the next act.