Insurances & Business

News Economy Business Investment Banks Credits

JPMorgan to Cut 55 Pct of Bear Staff: CEO

NEW YORK (Reuters) - More than 7,600 Bear Stearns Cos’
<BSC.N> employees, about 55 percent of its staff, are expected
to lose their jobs as the troubled investment bank is absorbed
into JPMorgan Chase & Co <JPM.N>, JPMorgan Chief Executive
James Dimon said Tuesday.

Leave a Reply »»

Similar/Related/News: