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JPMorgan’s Daniel Pinto says banks need to be ‘very careful’ about cutting dealmaker jobs
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The chief executive of JPMorgan's investment bank said banks need to be "very careful" about making deep cuts to dealmakers even as fees have slumped in 2022 and rival Goldman Sachs has kickstarted Wall Street layoffs.
Daniel Pinto, chief executive of JPMorgan's corporate and investment bank, said that "cutting bankers here and there" during a downturn in dealmaking is not the right approach.
"If...
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