JPMorgan lays off hundreds in mortgage business


© Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo

(Reuters) – JPMorgan Chase & Co (NYSE:) is laying off hundreds of employees in its home-lending business and reassigning hundreds more this week, Bloomberg News reported on Wednesday, citing people familiar with the matter.

A spokesperson for the bank did not immediately respond to a Reuters request for comment.

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