“A new era of automation is in overdrive in the financial industry as cheap computing power converges with fears of losing customers to start-ups.” Photograph: iStock

At JPMorgan Chase and Co, a learning machine is parsing financial deals that once kept legal teams busy for thousands of hours. The programme, called(...)

JPMorgan Chase and Co., which has racked up more than $36 billion in legal bills since the financial crisis, is rolling out a program to identify rogue employees before they go astray. (Photograph: Mike Segar/Reuters)

Wall Street traders are already threatened by computers that can do their jobs faster and cheaper. Now the humans of finance have something else to w(...)

James “Jamie” Dimon, chief executive officer of JPMorgan Chase & Co, whose eight years atop the US bank have made him one of Wall Street’s most powerful leaders, said he’ll start treatment for throat cancer, raising new questions about succession plans. Photograph: Jason Alden/Bloomberg

Jamie Dimon, whose eight years atop JPMorgan Chase and Co. have made him one of Wall Street’s most powerful leaders, said he’ll start treatment for th(...)

JPMorgan Chase & Co, the largest US bank, is reducing both its profit target and headcount in 2014. Photograph: Neil Hall/Reuters
JP Morgan to cut 8,000 jobs

JPMorgan Chase and Co, the biggest US bank, said today it would eliminate about 8,000 jobs in the consumer and mortgage banking units this year(...)