Inside JPMorgan’s Asian job cuts



ORIGINAL POST
Posted by PSR_AXP 22 days ago
JP Morgan has become the latest big bank to cut jobs in the Asia-Pacific region, but unlike rivals it has kept redundancies to a minimum.
 
The US bank is understood to have made around 30 people redundant, and sources say many of the reductions affecting China-focused staff based in Shanghai and Hong Kong.
 
But while Goldman Sachs and Morgan Stanley have both cut senior bankers, JP Morgan’s cost-reduction exercise has focused on more junior staff.
 
Read more on efinancialcareers.sg 

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