JPMorgan's Lake Exits, Setting Up New Race to Succeed Dimon

What You Need To Know

• The bank named Troy Rohrbaugh and Doug Petno co-presidents following the abrupt departure of consumer banking chief Marianne Lake.
• The changes came with retention bonuses, which vest after three years, for the most senior executives.
• The question of who will replace Dimon has become one of Wall Street’s favorite parlor games in the last decade.