The struggle between traders and bankers for top jobs seems to be taking on geographical nuances. John Carney at CNBC writes that Europe seems to be enamored with the notion of investment bankers heading up the biggest banks, but the U.S. just doesn't have the same feelings.
Carney writes: "Bank of America is led by a former general counsel turned wealth manager head. We'll call him a retail brokerage guy. JPMorgan Chase is led by Jamie Dimon, who has spent his career building huge retail banking operations. Citigroup's Vikram Pandit is a trader, as is Goldman's Lloyd Blankfein. James Gorman is almost an investment banker but he's really a high-powered consultant. The purest investment banker running a prominent US financial institution might be John Thain, who has been installed at the top of CIT."
Write to Julie Steinberg