Don Layton, vice chairman at JP Morgan and once viewed as a possible successor to Bill Harrison, chairman and chief executive, is to leave the bank once it has completed its merger with BancOne.

Layton, 54, has changed his mind about taking up a senior role at the new bank to be formed by the $55bn (€45bn) combination of JP Morgan and BancOne.

Jeremy Adams

JP Morgan

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JP Morgan shock as Layton quits

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