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.
... Click to view a price quote on JPM. Click to research the Banking industry.
Weiter zum vollständigen Artikel bei
"TheStreet.com"