By Thomas Barrabi Published October 05, 2018 Markets FOXBusiness Facebook Twitter Comments Print video Cheap mortgages a thing of the past? The Property Man host Bob Massi on the impact of rising interest rates on the housing market and the state of the American dream to own a home. JPMorgan Chase is laying off about 400 employees in its consumer mortgage banking division as rising mortgage rates contribute to a slowdown in the industry, a company spokesperson confirmed on Friday. Continue Reading Below The job cuts will occur primarily in Cleveland, Columbus, Ohio, Phoenix and Jacksonville, Florida, the Wall Street Journal reported, citing sources familiar with the matter. Rising interest rates have de-incentivized mortgage refinancing deals, while rising mortgage rates have impacted overall home sales. Company representatives confirmed the cuts and said the layoffs were enacted “to best meet the needs of the market.” JPMorgan … [Read more...] about JPMorgan Chase cuts 400 jobs in mortgage banking sector
By Lynn Brezosky Updated 12:31 pm CDT, Friday, October 5, 2018 JPMorgan Chase & Co. is laying off 107 San Antonio employees as it relocates its Banker Support Division. >>>See which other businesses have laid off the most employees in Texas in 2018... JPMorgan Chase & Co. is laying off 107 San Antonio employees as it relocates its Banker Support Division. >>>See which other businesses have laid off the most employees in Texas in 2018... Photo: Scott McIntyre /Bloomberg 20. ATP2, LLC-Financial Service Center County: Travis Number of layoffs: 188 20. ATP2, LLC-Financial Service Center County: Travis Number of layoffs: 188 Photo: ATP2, LLC-Financial Service Center 19. Cenveo Corp.-Ennis County: Ellis Number of layoffs: 192 19. Cenveo Corp.-Ennis County: Ellis Number of layoffs: 192 … [Read more...] about JPMorgan Chase issuing 107 pink slips in San Antonio
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Jon Chesto Globe Staff October 01, 2018 JPMorgan Chase is shaking up the local banking industry, with plans to open more than 50 new Chase branches in Greater Boston over the next five years.Most banks expand into a new market by buying a smaller bank that’s already there — essentially acquiring a huge number of customers in one deal. Chase is taking the other approach, by methodically seeking customers, branch by branch. The New York company has similar expansions under way in Philadelphia and Washington, D.C., and plans to announce other market expansions soon.Bank officials said Monday they expect to add as many as 350 jobs in the Boston region. The first local Chase branch to open will be on Providence Highway in Dedham, in December. Other branches are planned for Downtown Crossing, Coolidge Corner, the Back Bay, Newton Centre, Watertown, and the … [Read more...] about JPMorgan Chase unveils branch expansion plans in Boston
JPMorgan and BlackRock are poised to announce job moves to Paris, according to the FT. It comes as banks worry about the rising risk of a ‘hard’ Brexit, which would cut London-headquartered banks off from European markets. LONDON – JPMorgan and BlackRock are poised to announce the move of jobs from London to Paris as part of preparations for Brexit, the Financial Times reported over the weekend. The paper cited unnamed sources familiar with the financial firms’ thinking. JPMorgan and BlackRock both declined to comment to Business Insider. The possible movement of jobs comes as banks increasingly fear the consequences of a so-called “hard Brexit.” Once seen as highly unlikely, many senior figures in the City now worry that there is a realistic chance of Britain crashing out of the EU without a deal on their future relationship. Executives are executing back up plans to ensure their businesses are not locked out of the EU after the official Brexit … [Read more...] about BlackRock and JPMorgan could help Paris steal London’s financial crown after Brexit
Sections SEARCH Skip to content Skip to site index U.S. Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by Sept. 30, 2018 At the New Rules Summit, Rebecca Blumenstein, a deputy managing editor of The New York Times, interviewed Jamie Dimon, chief executive and chairman of JPMorgan Chase, about opportunities for women at his company and beyond. Here are excerpts from their onstage conversation. They have been edited and condensed. BLUMENSTEIN So you’re the last standing C.E.O. on Wall Street post-financial crisis. JP Morgan employs more than 250,000 people around the world and is now the most valuable bank in the world based on market cap. What is the business case for having a diverse work force? Why does it matter? DIMON Half the people in America are women. So the diversity argument is very simple. It is the right thing to do, plain and simple. And that’s good enough. It’s not the … [Read more...] about Are More Women in the Future of JPMorgan Chase?