JPM To Close Prop Desks

01 Sep 2010

JPMorgan is reportedly planning to shut its proprietary desks this month and has given notice to an estimated 20 traders that their jobs will be eliminated.

JPMorgan is reportedly planning to shut its proprietary desks this month and has given notice to an estimated 20 traders that their jobs will be eliminated. Sources said the commodities proprietary desk in London, one of the bank’s largest, is closing but the status of JPM’s other prop ...

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