Register | Forgot Your Password? | Close

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 Valley is not alone as a target. Chase announced hundreds of layoffs were forthcoming in Ohio and at least 700 jobs were eliminated in San Diego last month.

The bank announced in February that it was terminating 17,000 jobs by next year.

KTAR.com,

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.

Voice For A Better Arizona

  • Family in Focus

    KTAR spends the week taking a look at the issues a modern Arizona family faces.