Traders laid off at bank
JPMorgan again cuts equities unit
Posted: February 16, 2013 at 3:18 a.m.
JPMorgan Chase & Co., grappling with Wall Street’s worst year for stock-trading since 2008, cut pay at the equities unit about 4 percent and pushed out about three dozen employees, people with knowledge of the moves said.
This story is only available from our archives.
Business, Pages 27 on 02/16/2013
(Advertisement)
« Previous Story
S&P extends streak to 7 weeks
The Standard & Poor’s 500 stock index ended the week nearly 2 points higher, enough to give it a seventh-strai... Read »
Next Story »
SEC studies trades before Heinz deal
Regulators are scrutinizing unusual trading surrounding the planned $23 billion takeover of the food company H.J. Heinz Co., raising questions about potential illegal activ... Read »
Comments
To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Please read our comment policy.
Use the comment form below to begin a discussion about this content.
Registration is required to make comments. Click here to LOGIN.
You can register for FREE to post comments and receive alerts.