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JPMorgan Chase to cut 19,000 jobs

AFP
February 27, 2013, 12:08 am TWN

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NEW YORK -- JPMorgan Chase plans to cut up to 19,000 jobs from its consumer and community banking division by the end of 2014, according to a company presentation to investors Tuesday.

The company plans to eliminate 13,000-15,000 jobs from its mortgage banking division and 3,000-4,000 from its non-mortage division, the company said.

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