JPMorgan's Dimon diagnosed with cancer, cancels Greece visit

JPMorgan Chase & Chief Executive Officer Jamie Dimon said he has been diagnosed with throat cancer but that the ailment is curable and he plans to remain actively involved in the largest US bank's business.

In a memo to the bank's employees and shareholders on Tuesday, Dimon, 58, said the cancer was caught at an early stage and is confined to the original site and the adjacent lymph nodes on the right side of his neck.

He will undergo radiation and chemotherapy treatment that is expected to last about eight weeks. The company did not disclose the stage of the cancer.

"I feel very good now and will let all of you know if my health situation changes,» Dimon wrote. «Importantly, there is no evidence of cancer elsewhere in my body."

The cancer was discovered after Dimon, who was not feeling well about two weeks ago, went to see doctors, a person familiar with the matter said. Dimon spent last week in intensive tests and visiting multiple doctors, the person said. Dimon was never a smoker.

The company has a short, medium and long-term succession plan in place, the source added.

Dimon said the treatment, which is still being finalized, would curtail his travel.

He was expected to travel to Europe later on Tuesday, where he was scheduled to meet with the prime ministers of Greece and Italy and also visit Spain, England and Germany. But those plans have been canceled.

He plans to seek treatment at New York's Memorial Sloan Kettering Hospital, which is widely considered one of the best cancer hospitals in the world.

[Reuters]