JPMorgan (JPM) undertakes a reorganization of its corporate and investment banking division for...

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

JPMorgan (JPM) undertakes a reorganization of its corporate and investment banking division for the 2nd time in 3 months. The unit will now be divided between banking and market and investor services, according to an internal memo. Carlos Hernandez - the longtime head of the equities business - will now oversee Investor Services, a unit catering to institutional investors.