US banking giant JPMorgan Chase plans to slash 4,000 jobs in 2013 as part of a cost-cutting program, according to the company's presentation to investors on Tuesday.
JPMorgan Chase projected it would reduce overall expenses in 2013 to $US59 billion ($A57.63 billion), approximately $1 billion below the 2012 level, as the company seeks corporate and investment bank cost synergies, presentation slides showed.
JPMorgan reported earnings of $21.3 billion in 2012, up from $19 billion a year earlier. The jump in profits came despite an embarrassing $6.2 billion trading loss stemming from a London trader nicknamed the London "whale."
The trading losses led to several resignations and reassignments and resulted in a lower 2012 take-home pay for JPMorgan chief executive Jamie Dimon.
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