A top litigation lawyer for JPMorgan Chase is leaving the bank as it faces mounting regulatory headaches, lawsuits and investigations, people close to the situation told The Wall Street Journal.
Michael Coyne, who is responsible for all litigation and government investigations affecting JPMorgan, is moving on to be general counsel of UnionBanCal, a much smaller San Francisco lender. An announcement is expected Monday.
(Read more: Bove cuts JPMorgan, citing regulatory 'McCarthyism')
Coyne has worked for JPMorgan or one of its predecessors since 1992 and has held his current position since 2010.
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