US-based global bank JPMorgan Chase has eliminated approximately 3,000 mortgage jobs during the first quarter of 2014, as part of its strategy to streamline the mortgage business amid sluggish demand for home financing in the country.
The latest cuts are in addition to the 13,000 to 15,000 positions, which primarily were supposed to be implemented in mortgage servicing and retail banking divisions.
via JPMorgan Chase eliminates 3,000 mortgage jobs in Q1 2014 – Banking Business Review.
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