JPMorgan lays off around 20 investment bankers in Asia

JPMorgan lays off around 20 investment bankers in Asia

JPMorgan Chase is implementing artificial intelligence throughout the company, from fraud detection to customizing its online portal for analyst reports. © Reuters

JPMorgan Chase & Co has in a new round of downsizing cut around 20 investment banking jobs in Asia, a source with direct knowledge of the matter said, joining global peers in trimming headcount as dealmaking slows.