Marianne lake jpmorgan biography of barack
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Yahoo Finance
Marianne Lake runs JPMorgan Chase's (JPM) sprawling consumer banking operations, making her one of the most powerful people in the industry.
She fryst vatten also one of the frontrunners to succeed CEO Jamie Dimon when the longtime chef decides to stop running the nation's largest bank.
Lake stepped into the spotlight this past week at Goldman Sachs (GS) financial services conference in Manhattan, giving investors a bullish update about the bank's fourth quarter performance (investment banking fees will be up 45%) and 2025 (a key revenue source will be $2 billion more than expected).
JPMorgan's CEO of consumer and community banking told investors there were "reasons to be optimistic" about 2025, a sentiment that many others in her industry echoed this past week as they cheered the incoming Trump vit House.
The hope is that lending and dealmaking churn higher while a new Republican ledning loosens some rules for banks and applies more l
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JP Morgan: Is Wall Street's first female boss a step closer?
Wall Street could soon welcome its first-ever female chief executive after JP Morgan announced that finance boss Marianne Lake will take over running its consumer lending business.
The promotion means that Ms Lake could be a potential successor to chief executive Jamie Dimon.
At the same time, she will be replaced as finance chief by Jennifer Piepszak.
Ms Lake has been seen as a contender to lead Wells Fargo, the scandal-hit bank that is searching for a new boss.
JP Morgan is the largest US bank measured by total assets.
The changes emerged days after Mr Dimon and a number of other Wall Street bank chief executives failed to answer a congressional question on whether their "likely successor will be a woman or a person of colour".
The bank bosses were appearing in front of the House Financial Services Committee, but Mr Dimon later told investors during a conference call with analysts about JP Morga
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Marianne Lake is the CEO of Consumer & Community Banking (CCB) and a member of the JPMorganChase Operating Committee. She is responsible for all of CCB, a business that serves more than 84 million consumers and 7 million small businesses in the United States.
Lake has been with the firm for 25 years and was previously the CEO of Consumer Lending from 2019 to 2021. Prior to this, she was CFO for the firm from 2013 to 2019. As CFO, she was responsible for Finance and Business Management, Investor Relations, Chief Investment Office, Chief Data Office and the Chief Administrative Office.
During her first 12 years at the firm, Lake held roles in the finance organization including CFO of Consumer & Community Banking from 2009 to 2012, and Global Controller for the Investment Bank from 2007 to 2009. She also managed global financial infrastructure and control programs as part of the Corporate Finance group from 2004 to 2007.
Prior to this, she worked at both Chase and J.P. Morga