Tag: jp morgan chase

  • JPMorgan Chase To Cut 17,000 Jobs Over The Next 2 Years

    JPMorgan Chase To Cut 17,000 Jobs Over The Next 2 Years

    NEW YORK -- JPMorgan will trim about 19,000 jobs over the next two years but cast a positive spin on the news: It is shrinking the unit it had beefed up to handle troubled mortgages. The bulk of the cuts, about 15,000, will come at the mortgage unit, which had swelled to about 50,000 workers from a... Continue Reading

  • Former JPMorgan Exec Might Have To Return Millions

    Former JPMorgan Exec Might Have To Return Millions

    By Dave Clarke and Alexandra Alper (Reuters) - U.S. bank regulators will review whether JPMorgan Chase & Co executives should have to give back compensation due to the bank's failed hedging strategy that has produced at least $2 billion in losses, the head of the Office of the Comptroller of the Currency... Continue Reading

  • JPMorgan's Top Female Exec To Resign Over $2 Billion Blunder

    JPMorgan's Top Female Exec To Resign Over $2 Billion Blunder

    By Pallavi Gogoi NEW YORK -- JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday. The bank will accept the resignation of Ina Drew, its chief investment... Continue Reading

  • Bank Of America Will Eliminate 30,000 Jobs

    Bank Of America Will Eliminate 30,000 Jobs

    NEW YORK (AP) -- Bank of America is slashing 30,000 jobs as part of an effort to reverse a crisis of confidence among investors. It's the largest single job reduction by a U.S. company this year. Continue Reading