Reports: JPMorgan CFO May Step Down

JPMorgan Chase's (NYSE: JPM  ) chief financial officer, Douglas Braunstein, may leave his post, according to media reports citing unnamed sources. Those sources say that he may take another position at the firm, although it is unclear which position and at what point that transition might occur.

An email from The Motley Fool seeking comment from Braunstein yesterday afternoon was forwarded to JPMorgan's press office, which said: "We're not commenting on rumors related to our CFO, and he is hosting our earnings call with analysts tomorrow morning."

The rumors about Braunstein come on the heels of a series of managerial changes at the bank following a controversial $5.8 billion loss due to derivatives positions taken by employees in its London office.

Eric Volkman has no positions in the stocks mentioned above. The Motley Fool owns shares of JPMorgan Chase & Co. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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