The banking giant's new Morgan Health business unit "aspires to be a model for other employers."
Barnum takes the place of Jennifer Piepszak, who was named co-head of the bank's consumer and community banking business.
"Acquisitions are in our future, and fintech is an area where some of that cash could be put to work," said the JP Morgan chairman.
The Haven venture with Berkshire Hathaway and JPMorgan apparently ran into logistical problems after promising to disrupt corporate health care.
The good times are ending before they had really begun.
Banks once dreaded rate rises. Are they right to look forward to them now?
On the fourth try, U.S. systemically important financial institutions aimed to be more realistic about how they would approach a bankruptcy.
Michael J. Cavanagh leaves his co-COO position at The Carlyle Group to become Comcast's next chief financial officer.
Regulators had planned to review the proprietary trading activities of JPMorgan's chief investment office as early as 2008.
Insinuations of market manipulation accelerate another upheaval in finance.
Banking and commerce are supposed to stay separated. But U.S. financial institutions find it more profitable to mix the two.
Banking giant’s ex-CFO (and current vice chairman) is accused of intentionally hiding problems in the chief investment office unit and downplaying mounting losses in its derivatives trading book.
