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JP Morgan job losses: impact on FX unclear

A spokesperson at JP Morgan Chase in London declined to comment on whether the FX and treasury groups at the bank were affected by 4,200 positions cut from the bank worldwide during the second quarter. The spokesperson said the bank would not comment on particular areas that lost staff when the cuts were made.

The spokesperson also said that the cuts -- the majority of which come from the investment banking unit, now known as JP Morgan -- would continue

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