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JPMorgan cuts nearly 40 investment bankers in US

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JPMorgan Chase & Co is cutting nearly 40 investment bankers in the U.S., a source with knowledge of the matter said.

A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, U.S., November 13, 2017. REUTERS/Amr Alfikyis cutting nearly 40 investment bankers in the U.S., a source with knowledge of the matter said.

The reductions come after months of sluggish markets that have depressed dealmaking across Wall Street and prompted banks to lay off thousands of employees.in the second quarter, its president Daniel Pinto warned last month.

 

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