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JPM to Cut 3K More Jobs in Retail Bank Unit

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JPMorgan Chase & Co (JPM) said it would cut more than 3,000 jobs than previously expected in its retail banking unit.

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The bank expects its 2016 retail banking expense base to be $2 billion lower than in 2014, JPMorgan's retail bank head Gordon Smith said in an investor conference on Friday.

(Reporting by Tanya Agrawal; Editing by Sriraj Kalluvila)

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