Just read that JP Morgan is lowering headcount and dropping profit projections slightly. Anyone know more specifically in what group/s the cuts at JP Morgan will be made?
Thanks,
Patrick
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Major cuts in consumer banking, community banking, mortgage banking, and auto / card services. Partially offset by expanding Asset Management and commercial banking.
I just read on WSJ that they are planning on 6000 cuts in mortgage operations. WSO won't allow me to paste the link, but if Google JP Morgan, it's the first link.
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