NEW YORK (TheStreet) -- JPMorgan
Chase plans to cut 4,000 jobs in 2013 as it seeks to reduce $1 billion in expenses, according to a presentation to investors posted on its website.
The bank sees expenses falling from $60 billion in 2012 to a little over $59 billion in 2013.
A separate presentation on consumer and community banking shows a targeted headcount reduction of 13,000 to 15,000 in mortgage banking alone by end of 2014, while consumer banking excluding mortgage banking would see a reduction of 3,000 to 4,000 jobs.
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