Wednesday, May 16, 2012

Top Firm axes London jobs




Reuters reports that JPMorgan is cutting a group of investment bankers in its London operations, two sources familiar with the situation said, on top of any departures in the unit that caused its recent trading loss of more than $2 billion.

The number of people affected is 20, one of the people said, a relatively small group in comparison to the Wall Street firm's 8,000 staff people in London…

Read more at http://www.reuters.com/article/2012/05/16/us-jpmorgan-cuts-idUSBRE84F0ZH20120516

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