The fallout from the JPMorgan Chase trading mess continues as the bank's CFO may step down.
Douglas Braunstein is expected to step down as chief financial officer of the nation's largest bank with the next two quarters, according to a WSJ report. He's not expected to leave JPM but rather take amother position within the bank.
Braunstein, who has been CFO since 2010, has seen his role diminish amid the massive trading loss that cost the bank billions of dollars, according to the report. Since the May incident he's been reporting to Matt Zames who CEO Jamie Dimon put in charge of winding down the bad trade.
Prior to the so-called London Whale's bad trade Braunstein was reporting to Dimon.
The bank reports third quarter earnings on Friday and Braunstein is expected to lead much of the call with analysts.
