JPMorgan (JPM) reportedly taps senior mortgage executive Craig Delany to head the newly...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan (JPM) reportedly taps senior mortgage executive Craig Delany to head the newly refocused and now conservative Chief Investment Office (CIO). The CIO is charged with investing the cash piled up when loans don't keep up with deposits.