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JPMorgan to scale back troubled-mortgage jobs

February 26, 2013 • Business


FILE – In this May 11, 2012 file photo, people stand in the lobby of JPMorgan’s headquarters in New York. JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff. The bank said the cuts will be focused in consumer banking and mortgages. Many of the cuts would come through attrition, but the bank will lay off workers as well, a bank spokeswoman said. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) — JPMorgan will trim about 19,000 jobs over the next two years but cast a positive spin on the news: It is shrinking the unit it had beefed Login to read more

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