IBTimes -
12 May 2014 21:31
J.P. Morgan Chase & Co. (NYSE:JPM) may lay off up to 10,000 workers this year as U.S. consumers continue to cut their debt while the government reigns in its own borrowing and winds down several years of economic stimulus, according to a published report. Those structural changes and the self-inflicted wounds that have cost the bank billions of dollars of fines over the last few years may also drive the bank's CEO Jamie Dimon from office, the New York Post reported on Monday.
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