Express News | JPMorgan - Will Decrease Its Prime Rate by 50 Basis Points to 8.00 Percent, Effective September 19, 2024
More Large Cuts Ahead If Labor Market Continues to Soften, Says JPMorgan
JPMorgan creates new positions to address overworking issues among junior bankers.
On September 19th, according to an internal memorandum cited by Reuters, JPMorgan has established a new position responsible for overseeing its junior bankers and analysts to address the long-standing issue of excessive work on Wall Street. Ryland McClendon, who has worked at JPMorgan for nearly 14 years, has been appointed as the Global Investment Banking Assistant and Analyst Manager, focusing on the well-being and success of global employees and analysts. A few months ago, a junior banker at Bank of America died from acute coronary thrombosis, reportedly working over 100 hours per week. This incident has once again raised concerns about the investment banking industry.
JPMorgan Options Spot-On: On September 18th, 77,062 Contracts Were Traded, With 1.02 Million Open Interest
On September 18th ET, $JPMorgan(JPM.US)$ had active options trading, with a total trading volume of 77,062 options for the day, of which put options accounted for 28.87% of the total transactions,
JPMorgan Assigns Banker to Lead Junior Program Amid Work Condition Concerns - Report
Citadel Securities Decides Against Pursuing Fed Dealer Status - Report