JPMorgan Cuts 40 Dealmakers in North America Amid M&A Slowdown

Seekingalpha2023-06-26

JPMorgan Chase & Co. (NYSE:JPM) is eliminating about 40 investment bankers in North America amid a slowdown in mergers and acquisitions.The reductions cross all levels of seniority, according to a ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Huat1333
2023-06-26
Huat1333
[Miser] [Miser]

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2346706954?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-06-26 07:21","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2346706954","market":"us","top_or_hot":-1,"title":"JPMorgan Cuts 40 Dealmakers in North America Amid M&A Slowdown","media":"Seekingalpha","content":"<div>\n<p>JPMorgan Chase & Co. (NYSE:JPM) is eliminating about 40 investment bankers in North America amid a slowdown in mergers and acquisitions.The reductions cross all levels of seniority, according to a ...</p>\n\n<a href=\"https://seekingalpha.com/news/3982576-jpmorgan-cuts-40-dealmakers-in-north-america-amid-ma-slowdown-report\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Cuts 40 Dealmakers in North America Amid M&A Slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Cuts 40 Dealmakers in North America Amid M&A Slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-26 07:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3982576-jpmorgan-cuts-40-dealmakers-in-north-america-amid-ma-slowdown-report><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JPMorgan Chase & Co. (NYSE:JPM) is eliminating about 40 investment bankers in North America amid a slowdown in mergers and acquisitions.The reductions cross all levels of seniority, according to a ...</p>\n\n<a href=\"https://seekingalpha.com/news/3982576-jpmorgan-cuts-40-dealmakers-in-north-america-amid-ma-slowdown-report\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JPM","symbol_name":"摩根大通","start_time":0,"source_url":"https://seekingalpha.com/news/3982576-jpmorgan-cuts-40-dealmakers-in-north-america-amid-ma-slowdown-report","article_id":"2346706954","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2346706954","pubTimestamp":1687735266,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"JPMorgan Chase & Co. (NYSE:JPM) is eliminating about 40 investment bankers in North America amid a slowdown in mergers and acquisitions.The reductions cross all levels of seniority, according to a Blo","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"JPM":"摩根大通"},"translate_title":"摩根大通在M&A经济放缓之际削减了40名北美交易撮合者","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JPM":1.1},"content_text":"JPMorgan Chase & Co. (NYSE:JPM) is eliminating about 40 investment bankers in North America amid a slowdown in mergers and acquisitions.The reductions cross all levels of seniority, according to a Bloomberg report on Friday, which cited people familiar with the matter.The latest job reductions come as JPMorgan Chase (JPM) was said to have cut about 20 investment-banking positions in Asia this week, according to a separate Bloomberg report.Dealmaking has slowed in North America amid rising interest rates, economic uncertainty, and partly as U.S. antitrust regulators have been focused on M&A and attempts to block transactions.JPMorgan adds to a growing list of banks that are reducing the number of dealmakers in their ranks amid a slowdown in M&A. The WSJ reported late last month that Goldman Sachs (GS) was planning more layoffs as dealmaking waned. One person said the cuts would affect fewer than 250 jobs.Bloomberg reported in February that Bank of America (BAC) was planning to lay off up to 200 investment bankers globally as demand for financing and dealmaking wanes. Truist Financial also shed 5% of its investment banking staff in February.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":191360275570696,"gmtCreate":1687737332075,"gmtModify":1687737335445,"author":{"id":"3559014783889591","authorId":"3559014783889591","name":"Huat1333","avatar":"https://community-static.tradeup.com/news/a4c138e1ce20043d7996468a91a225ac","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":7,"crmLevelSwitch":1,"idStr":"3559014783889591","authorIdStr":"3559014783889591"},"htmlText":"[Miser]&nbsp;[Miser]&nbsp;","listText":"[Miser]&nbsp;[Miser]&nbsp;","text":"[Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/191360275570696","repostId":2346706954,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":5,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2346706954"}