JPMorgan Chase to cut 5,000 jobs

JPMorgan Chase & Co. is eliminating 5,000 jobs as it looks to trim costs and become more efficient as consumers shift to mobile banking, sources told the Wall Street Journal. It’s unclear how many cuts may come in the Dayton region, where New York-based JPMorgan has the second largest bank operation. The company has local deposits of roughly $2.7 billion, as well as 46 branches. JPMorgan already has cut as many as 1,000 positions, the source told the publication, and that could rise to 5,000…
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