BofA, JPM Said To Shrink Mortgage-Trading Units

21 Mar 2012

Bank of America and JPMorgan Chase are said to be shrinking their mortgage-trading staffs amid a decline in the market for securitized products.

Bank of America and JPMorgan Chase are said to be shrinking their mortgage-trading staffs amid a decline in the market for securitized products.



Sources said that in the past month Raphael Gonzalez has quit as co-head of trading in subprime mortgages at JPM as has John Angelica, who sold ...

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