JPMorgan Could Slash 10,000 More Jobs [REPORT]

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Mani
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JPMorgan Chase & Co. (NYSE:JPM) could slash as many as 10,000 more jobs this year over and above previously announced layoffs, following a brutal shrinking of business and regulators prowling for blood, the New York Post reported today, citing company sources. According to some analysts, the job cuts could even force CEO Jamie Dimon to exit the bank. Mounting job cuts As reported earlier, revenues for fixed income, currencies and commodities (FICC) are now at the lowest point since the financial crisis, with the top 10 investment banks losing 15% year-on-year to just $80 billion in 2013 compared to $144…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports