J.P. Morgan & Co. will trim 100 professional and back-office jobs from its London operations as part of a move to cut worldwide operating expenses by an unspecified amount in 1995.

John Ford, a Morgan spokesman, confirmed a recent report in the Financial Times that the bank is planning to reduce its London staff of 2,200 during the next several months.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.