Largest American Banks Implement Workforce Reductions Amid Economic Uncertainty
Except for JPMorgan Chase, the nation’s largest and most profitable bank, lenders have collectively shed 20,000 positions in response to challenges posed by increased interest rates impacting the mortgage sector, Wall Street deal-making, and funding costs, based on official filings. In a year marked by unexpected economic resilience, the largest American banks have discreetly undertaken … Read more