The global financial crisis led to a divergence in bank governance trends on either side of the Atlantic. US banks recovered faster than their European rivals and many firms retained the practice of combining the role of chairman and chief executive.
Entrenched leaders can often pick a successor, as Lloyd Blankfein did when he chose David Solomon to head Goldman Sachs and Jamie Dimon may do if the day ever arrives when he decides that running JPMorgan has become too tiresome.
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