Ói o cheirinho ficando ruim aí, gente... Originally shared by Will Hawkins JPMorgan Chase to lay off 8,000 employees Biggest U.S. bank expects less loan financing as interest rates rise. JPMorgan Chase, the biggest bank in the U.S., plans to eliminate a total of 8,000 jobs this year in its mortgage and retail banking divisions, on top of 16,500 job cuts last year. JPMorgan says its mortgage business is shrinking as interest rates rise. Although greater strength is returning to the U.S. housing market, refinancing is down as the era of low rates appears set to end. It also wants to control costs at its retail branches and reduce the cost of consumer banking expenses by $2 billion US by the end of 2016. The bank says its Consumer & Community Banking unit will reduce its headcount by about 8,000 workers to 149,000 people this year. Jamie Dimon paid $20M after JPMorgan pays $20B in fines After having his pay cut in 2012 when the bank was embroiled in the “London Whale” trading scandal,...