US banking giant announces 19,000 job cuts

US banking giant JP Morgan Chase is planning to axe up to 19,000 jobs by the end of 2014.

US banking giant announces 19,000 job cuts
Tue, 26 Feb, 2013 - 15:19

US banking giant JP Morgan Chase is planning to axe up to 19,000 jobs by the end of 2014.

It is part of a cost-cutting plan that will see its mortgage banking division hit the hardest with a loss of up to 15,000 employees.

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CourtsBusinessHeathrowOrganisation: JP Morgan Chase
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