JPMorgan Cuts CMBS Group

12 Sep 2008

JPMorgan is reducing staff in its commercial mortgage-backed securities group as a result of the bank’s acquisition of Bear Stearns as well as low origination volume.

--Sarika Gangar

JPMorgan is reducing staff in its commercial mortgage-backed securities group as a result of the bank’s acquisition of Bear Stearns as well as low origination volume. As part of the move, Christopher Hoeffel, the former co-head of commercial real estate at Bear Stearns, has resigned.

A total of ...

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