BANKTHINK

The Bad News: JPM Is Laying People Off; The Good News: JPM Is Laying People Off

Receiving Wide Coverage ... More on JPMorgan Layoffs: According to a story in the Post, the more than 10,000 job cuts the bank announced this week speak volumes about JPMorgan's views on the housing market, good and bad. On the bright side, "foreclosures at the bank have tumbled … which is why most of the employees receiving pink slips are those that were hired to handle mortgage defaults." But JPMorgan is also cutting jobs in mortgage…

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