Bloomberg Talks
Mike Mayo Talks Dimon's Succession Plan, Fraser's Success
Feb 19, 2025
Mike Mayo, Head of US Large-Cap Bank Research at Wells Fargo Securities, shares his banking expertise. He dives into Jamie Dimon's enduring leadership at JPMorgan and the crucial succession plan ahead. The conversation highlights Jane Fraser's impactful turnaround at Citigroup, contrasting her strategy with previous executives. Mayo also discusses the competitive dynamics in the banking sector post-crisis, focusing on regulatory changes and investment opportunities in major banks like Citigroup and Bank of America.
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Quick takeaways
- Mike Mayo discusses Jamie Dimon's enduring leadership at JPMorgan and highlights the importance of a well-structured succession plan for stability.
- Jane Fraser's successful restructuring of Citigroup illustrates the effectiveness of streamlined management and focused accountability in driving profitability.
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