JPMorgan says it will trim 19,000 jobs, including many it added to deal with problem mortgages

  • Article by: CHRISTINA REXRODE , Associated Press
  • Updated: February 26, 2013 - 5:58 PM

NEW YORK - JPMorgan will trim about 19,000 jobs over the next two years but cast a positive spin on the news: It is shrinking the unit it had beefed up to handle troubled mortgages.

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cGeeFeb. 26, 1311:42 AM

The author should just come out and state the obvious; that this is a result of the Dodd-Frank bill where it was predicted the unintended consequence would be mass lay-offs.

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