JPMorgan Sees 3,000 More Job Cuts in Card, Mortgage Divisions

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JPMorgan Chase said it’s on track to eliminate 3,000 more jobs this year than previously forecast in its mortgage and credit-card divisions.

The company expects 4,000 job cuts in its card, merchant- services and auto unit, up from 2,000 previously announced, JPMorgan said today in a Web presentation. In mortgage banking, the New York-based bank said it expects to achieve about 7,000 reductions, compared with a prior forecast of 6,000.

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