Reported 6 months ago
Jamie Dimon, CEO of JPMorgan, made a vow to personally approve or veto every branch closure after a competitor boasted about stealing JPMorgan's leases and customers. Dimon's decision came after an incident involving Commerce Bank's founder, Vernon Hill, who claimed to have taken over JPMorgan's former branches. This move by Dimon reflects a shift in JPMorgan's strategy as they invest in opening new branches to better serve customers and compete with the trend of bank branch closures across the United States.
Source: YAHOO