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Job cuts to hit JPMorgan's mortgage segment

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Banking giant JPMorgan Chase & Co. has plans to reduce its employee headcount, and it seems mortgage-related operations are not immune. Bloomberg has the following:

JPMorgan Chase & Co., the biggest U.S. bank, plans to reduce its headcount by as many as 19,000 people in its mortgage and community banking businesses through 2014 as Chief Executive Officer Jamie Dimon cuts expenses.



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