JPMorgan Chase (JPM) will lead big U.S. banks in job cuts with 17K expected through 2014,...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan Chase (JPM) will lead big U.S. banks in job cuts with 17K expected through 2014, according to Bloomberg, after the six largest U.S. banks announced cuts to 1.8%, or 21K positions, during Q1. The housing rebound means many of the cuts will come in foreclosure units. Banks may tell more about their personnel plans starting this Friday when JPM and Wells Fargo (WFC) report Q1 results.