JPMorgan Chase
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Wall Street's Big Banks Quietly Lay Off 20,000 Amid Economic Uncertainties
Despite recent U.S. economic data surpassing expectations, filings from the banking sector reveal that, excluding JPMorgan Chase, the top five U.S. banks have collectively laid off 20,000 employees this year. The layoffs might intensify in the future. Analysts believe that, besides the high-interest rate environment increasing operational costs, a significant reason for the layoffs is the reduced rate of job-hopping among financial professionals this year, leading to an unexpected surplus in bank staff. 
Despite recent U.S. economic data surpassing expectations, filings from the banking sector reveal that, excluding JPMorgan Chase, the top five U.S. banks have collectively laid off 20,000 employees this year. The layoffs might intensify in the future. Analysts believe that, besides the high-interest rate environment increasing operational costs, a significant reason for the layoffs is the reduced rate of job-hopping among financial professionals this year, leading to an unexpected surplus in bank staff. -
JPMorgan Says Founder Of College Aid Platform Frank Lied About Customer Accounts; Shuts Down Website
JPMorgan Chase acquired Frank in September 2021 to help it deepen relationships with college students 
JPMorgan Chase acquired Frank in September 2021 to help it deepen relationships with college students -
JPMorgan Is First U.S. Bank To Open A Business Lounge Inside The Metaverse
America's largest bank opened the doors to its virtual lounge in Decentraland called the Onyx Lounge. 
America's largest bank opened the doors to its virtual lounge in Decentraland called the Onyx Lounge. -
JPMorgan CEO Jamie Dimon Gets 10% Annual Pay Hike From Board
Dimon also gets $50 million bonus. 
Dimon also gets $50 million bonus. -
JPMorgan CEO Says He Regrets Joke About Bank Outlasting Chinese Communist Party
Dimon's remarks had the potential to jeopardize JPMorgan's growth plans in China. 
Dimon's remarks had the potential to jeopardize JPMorgan's growth plans in China. -
JPMorgan CEO Jamie Dimon Says In Jest Bank Will Outlast China's Communist Party
Dimon reaffirmed his bank's commitment to China during his remarks. Dimon reaffirmed his bank's commitment to China during his remarks. -
JPMorgan Chase CEO Says People Must 'Stay Away' From Cryptocurrencies
Dimon and the other banking heads pointed to the volatility of the cryptocurrency market. 
Dimon and the other banking heads pointed to the volatility of the cryptocurrency market. -
Senator Elizabeth Warren, JPMorgan Chase CEO Jamie Dimon Spar On Overdraft Fees
JPMorgan Chase collects more than seven times the amount in overdraft fees as its competitors, Warren says. 
JPMorgan Chase collects more than seven times the amount in overdraft fees as its competitors, Warren says. -
JPMorgan Chase To Pay Almost $1 Billion For Spoof Trades
The use of spoof trading can create a false environment in the market to make it look like there is a demand for an asset. 
The use of spoof trading can create a false environment in the market to make it look like there is a demand for an asset. -
JPMorgan Begins Operations Of Fully-Owned Chinese Futures Business
Chinese regulators granted JPMorgan approval to begin operating the country's first fully foreign-owned futures business. 
Chinese regulators granted JPMorgan approval to begin operating the country's first fully foreign-owned futures business.
