JPMorgan to cut up to 140 jobs in Switzerland

Pedro Gonçalves
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JPMorgan to cut up to 140 jobs in Switzerland

JPMorgan plans to axe as many as 140 positions at its private bank in Switzerland as it moves teams to cheaper locations to cut costs. The cuts would mainly affect the Geneva offices, but some positions in Zurich could also be affected, a report by the Swiss financial news website Finews said. The bank notified employees this week that it will be moving jobs in operations, technology and other support functions to locations including Scotland, the Philippines and India. "Switzerland rem...

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