JPM to Cut 3K More Jobs in Retail Bank Unit

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

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)