JPMorgan stops stock buybacks, maintains dividend

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Jamie Dimon and the 10 other directors of JPMorgan Chase take the stage in Tampa, Fla., on Tuesday, to face shareholders who can take comfort in a rising stock price and a prospering bank. But those same shareholders may also deliver a humbling rebuff to Dimon and the board.

May 11 (Reuters) - JPMorgan Chase & Co Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties, the Wall Street Journal reported on Saturday.

* Investment bank bet against CIO in derivatives market * Bank said to have discussed merging opposing trade books * Opposing bets could fuel claim JPM is too big to manage

(Reuters) - JPM

By Avery Goodman: Last night, the CEO of JPMorgan Chase (JPM), Jamie Dimon, got on the phone, in an "emergency" conference call, and had a lot of explaining to do. JPM's "London Whale" had managed to loss slightly more than $2 billion on the bank's credit default swaps almost overnight.