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Weak results hasten JPMorgan exodus

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Following a set of lackluster fixed-income trading results which chief executive Jamie Dimon candidly described as “terrible”, several employees in various fixed-income departments have left JPMorgan in what the firm is calling a reorganization of its US operations.

JPMorgan confirmed that among the departures are Jeremy Barnum, co-head of US credit trading, along with managers in private placements, asset-backed securities, mortgages and loans. Head of private placements Joel Glasky

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