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JP Morgan to cut 40 bankers amid deal slump

JP Morgan is set to cut approximately 40 investment bankers in North America, as the bank continues to reduce staff numbers amidst a dealmaking slowdown.

JP Morgan's London office, as the bank plans to shed 30 investment-banking jobs and 20 corporate banking jobs in the city. Photo: Neil Hall/Reuters
JP Morgan’s London office, as the bank plans to shed 30 investment-banking jobs and 20 corporate banking jobs in the city. Photo: Neil Hall/Reuters

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