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JPMorgan to cut 3,000 more jobs in retail bank unit

[NEW YORK] JPMorgan Chase & Co said it would cut more than 3,000 jobs than previously expected in its retail banking unit.

The bank expects its 2016 retail banking expense base to be US$2 billion lower than in 2014, JPMorgan's retail bank head Gordon Smith said in an investor conference on Friday.


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