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NEW YORK (Reuters) -JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday he and the bank's board will "do the right thing" on succession, and warned of the dangers, particularly to small businesses, of non-bank lenders. Dimon told investors that his timeline for stepping down was less than five years, and could be between two and a half to four and a half years, depending on the board's decision. At its investor day earlier this month, Dimon namechecked senior JPMorgan executives who run major divisions as CEO candidates.
Key Insights Institutions' substantial holdings in JPMorgan Chase implies that they have significant influence over the...