Job fears over latest mega merger


The $60 billion deal, announced on January 14, will create the world’s second biggest financial services company after Citigroup.

And while officials and spokespeople at both banks said it was too soon to comment on the structure of the combined group, recruiters said any FX job losses are likely to come from Bank One.

"This deal is about JP Morgan gaining retail clients in the mid-West, not about foreign exchange," said one New York FX recruitment consultant. "As far as FX is concerned, JP M