After 200 hundred years of being a prominent part of Manhattan's high-end establishment, JPMorgan now plans to continue moving jobs out of the city
JPMorgan Chase & Co. is often revered as the epitome of banking and finance. Its roots in New York City run deep. CEO Jamie Dimon is held in high regard by Wall Street, business professionals, regulators and the public. that after 200 hundred years of being a prominent part of Manhattan’s high-end establishment, the bank now plans to continue moving jobs out of the city.
The new initiative will primarily impact non-client-facing workers. These employees are referred to in Wall Street jargon as back and middle-office professionals. These employees work in compliance, operations, trade support, accounting and human resources. Highly paid investment bankers and front-office executives that routinely meet with clients are expected to remain in the city. The bank, despite all of the moves, intends to keep a presence—albeit smaller footprint—in New York.
They left either due to their job being moved or looking for other opportunities. Deutsche Bank, Credit Suisse, Goldman Sachs, Morgan Stanley, Barclays, UBS and other financial institutions have established and aggressively staffed hubs in Florida, North Carolina, Salt Lake City and other less expensive locations compared to New York.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
How A NYC Subway Commute Inspired A New Mobile AppAmy Giddon was commuting to her consulting client by subway in New York City in 2016 and was inspired by a wall of Post It notes to start Daily Haloha.
Lire la suite »
Rikers, one of America’s most notorious jails, is to closeRikers will be replaced by four smaller jails, with 3,300 beds, spread across four boroughs
Lire la suite »
Stocks making the biggest moves midday: Tiffany, Fitbit, Spotify, AT&T, Virgin Galactic & moreThese are some of the stocks making big moves on a record-setting Monday for Wall Street.
Lire la suite »
Sarah Hyland and Wells Adams Had the Chicest Tacos-and-Tequila-Engagement PartySarah Hyland and Wells Adams Had the Chicest Tacos-and-Tequila Engagement Party
Lire la suite »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Lire la suite »
Inside Sarah Hyland and Wells Adams' Engagement PartyThe soon-to-be husband and wife threw a beautiful engagement party to celebrate their love
Lire la suite »