JP Morgan Chase plans to dismiss several hundred workers from its consumer unit as the lender seeks to rein in costs, according to reports. The bank intends to notify affected employees on February 6. The consumer unit, which houses the deposit, credit card, home, and auto lending businesses, contributes to nearly half the firm’s revenue. Banks around the world have cut thousands of jobs as they slash costs to weather a slowing economy and adapt to shifts in consumer behavior and in digital technology.
Home loans get cheaper as banks slash rates ahead of year closing
MTAR Tech IPO radar
Start-up fund raising rush, IPOs and more
OPEC to decide on oil supplies, crude prices hover around $60
Spectrum auction rakes in $10.5 billion, Jio biggest buyer
India adds 40 new billionaires, home to 177 billionaires
Govt readies big concession for Musk as Tesla gears to enter India
SEBI set to make independent directors truly independent
Jack Ma, no longer China's richest person
Delhi govt pulls subsidy plug on Tata Nexon amid range complaints
Covid test mandate hits airline bookings
Fuel on fire: Now, CNG, PNG prices too go up
Flipkart in talks to buy Cleartrip: Reports
Govt looking at cutting taxes on petrol and diesel
All 270 US Apple Stores open for the first time since April 2020
SBI customers become phishing scam targets
Fuel bill rises for airlines, steep hike of 6.5%
SBI offers lower home loan rates, starting at 6.7%
Maruti sales in top gear, Total exports hit milestone
Jio rings in a new offer, return of the JioPhone