JPMorgan to cut 9,200 jobs at Washington Mutual
JPMorgan Chase & Co. said yesterday that it would cut 9,200 jobs at Washington Mutual, which it acquired Sept. 25 after Washington Mutual became the nation's largest bank to fail amid the credit crisis.
JPMorgan Chase & Co said on Tuesday that it plans to cut 17,000 jobs by the end of 2014, representing about 6.6% of the company's overall workforce, as the bank sheds staff that helped it deal with bad home loans.