It is investor day, when the nation’s biggest bank by assets and deposits will parade out its business heads to discuss the various strengths and plans they have, according to a WSJ report.
The day is scheduled to start with relatively new CFO Marianne Lake delivering a firm-wide update. In the slide presentation on the bank’s website, the bank says it is looking at expense reductions of plus or minus $1 billion for the year.
The bank says its overall headcount will decrease by somewhere around 4,000. The bank had 258,965 total employees at the end of 2012, down over 3,900 from July of that year….
Read all about it at http://blogs.wsj.com/deals/2013/02/26/j-p-morgans-investor-day-cut-that-headcount/