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Reuters

JPMorgan cuts around 20 Asia investment banking jobs-source

JPMorgan Chase & Co has in a new round of downsizing cut around 20 investment banking jobs in Asia, a source with direct knowledge of the matter said, joining global peers in trimming headcount as dealmaking slows. JPMorgan on Tuesday notified the impacted bankers, the majority of whom are at junior ranks from analysts to executive directors, according to the source, declining to be named as the information is not public. Those dealmakers covered consumers, healthcare sectors and private capital markets, the source added.

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2023-06-21 01:06:00Z
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