Some people are keeping their London-based gigs (for now) and some people are not. JPMorgan Chase, the biggest U.S. lender by assets, will eliminate 20 investment-banking jobs in London as market conditions weaken, according to a person with knowledge of the cuts. The staff cuts aren’t related to the $2 billion loss at the New York-based company’s chief investment office in London, said the person, who asked for anonymity because the investment bank reductions haven’t been made public.
The United States banking giant JPMorgan Chase plans to eliminate 19 000 jobs by the end of 2014 as it seeks to rein in costs. ||| New York - The United States banking giant JPMorgan Chase plans to eliminate 19 000 jobs by the end o... Read Post
JPMorgan Chase, the world’s second-biggest custodian of assets, agreed to buy 200 billion euros, or $315.6 billion, of investments from Nordea Bank, the Nordic region’s biggest bank by value. As part of the deal, JPMorg... Read Post