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JPMorgan’s Daniel Pinto says banks need to be ‘very careful’ about cutting dealmaker jobs
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The head of JPMorgan's investment bank said banks need to be "very careful" about making deep cuts to dealmakers, even as fees slump and rival Goldman Sachs kickstarted Wall Street layoffs.
"Cutting bankers here and there" during a downturn in dealmaking is not the right approach, said Daniel Pinto, chief executive of JPMorgan's corporate and investment bank, adding that it could "hurt the possibility for growth going forward".
"If...
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