JPMorgan cutting 9,200 jobs at Washington Mutual
JPMorgan Chase & Co. said today that it would cut a total of 9,200 jobs at Washington Mutual, which it acquired Sept. 25 after Washington Mutual became the nation's largest bank to fail amid the ongoing 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.