Chase Bank lets go 450-plus Phoenix-area employees
PHOENIX -- JP Morgan Chase, which has been the subject of various federal inquiries, has laid off nearly 500 employees in Phoenix.
Most of the jobs are tied to its mortgage business, according to a local news report.
The company recently forked over about $1 billion in fines related to a 2012 trading-loss scandal.
The bank announced in February that it was terminating 17,000 jobs by next year.