NEW YORK, April 8, 2024 (AFP) – Inflation could remain elevated for longer than expected, posing a risk to the US economy’s near-term health, JPMorgan Chase Chief Executive Jamie Dimon said Monday. In his annual letter to shareholders, Dimon pointed to “persistent inflationary pressures” that belie the stock market’s confidence about the outlook and could result in even higher interest rates. “Equity values, by most measures, are at the high end of the valuation range,” […]
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JPMorgan to cut 3,000 more jobs in retail bank unit
(Reuters) – JPMorgan Chase & Co (JPM.N) said it would cut more than 3,000 jobs than previously expected in its retailbanking unit. The bank expects its 2016 retail banking expense base to be $2 billion lower than in 2014, JPMorgan’s retail bank head Gordon Smith said in an investor conference on Friday.





