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The across-the-board layoffs will impact corporate and investment banking, consumer and community banking, asset management and commercial banking.
U.S. megabank J.P. Morgan Chase & Co. (JPMC) is cutting more than 5,000 jobs in an effort to cut costs in a post-crisis regulatory landscape of big fines and tight margins, according to industry sources and a report in The Wall Street Journal. The cuts are one facet of a broader move toward Internet and...
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