- Vaccine Education Summit
- Bitcoin Summit
- Ernie's Favorites
- THE R3VOLUTION CONTINUES
- "It's Not My Debt"
- Fascist Nation's Favorites
- Surviving the Greatest Depression
- The Only Solution - Direct Action Revolution
- Western Libertarian
- S.A.F.E. - Second Amendment is For Everyone
- Freedom Summit
- Declare Your Independence
- FreedomsPhoenix Speakers Bureau
- Wallet Voting
- Harhea Phoenix
- Black Market Friday
It turns out that they didn't fire enough and/or that the housing market contraction was far worse than even the banks, in their most, pessimistic forecasts, had expected. Case in point: JPMorgan, which after firing 15,000 in its mortgage business, has just revealed it will fire thousands more.
Several thousand more cuts are planned, according to people familiar with the matter, and could be announced at JPMorgan’s annual investor day on Tuesday. They are part of a new efficiency drive at the largest US bank by assets that also encompasses staffing branches with fewer employees.
Profitability at JPMorgan remains stronger than at competitors such as Bank of America and Citigroup but the bank is looking to find new savings, partly because of technology that allows greater automation of clerical functions in branches and partly because of a plunge in demand for mortgage refinancings.
Additional Related items you might find interesting:Related items:
News Link • Employee and Employer Relations
News Link • Events: America
News Link • Seriously?
News Link • Employment & Jobs
News Link • Minimum Wage
News Link • Politics: Republican Campaigns
News Link • Voting and Elections
News Link • United Nations
News Link • Feminism-Women**Q**s Causes
News Link • Trump Administration
News Link • California
News Link • Space Travel and Exploration
News Link • Inventions
News Link • Agriculture
News Link • Philosophy: Socialism
News Link • Prepping