JP Morgan to dismiss 100 employees from asset management arm

Across the business globally

JP Morgan Chase is in the process of laying-off around 100 employees from its asset management division globally following a review of the business, according to sources familiar with the matter.

The changes represent around 1% to 2% of the arm, according to the Wall Street Journal, and will be seen across the business and in cities over the world. The move was spurred by an internal review...