Markets Nov 07, 2014 10:11 AM EST

JPMorgan to cut 3,000 more jobs in retail bank unit

By Tanya Agrawal; Editing by Sriraj Kalluvila

JPMorgan Chase & Co (JPM.N) said it would cut more than 3,000 jobs than previously expected in its retail banking unit.

The bank expects its 2016 retail banking expense base to be $2 billion lower than in 2014, JPMorgan's retail bank head Gordon Smith said in an investor conference on Friday.

Reuters, All Rights Reserved 2015

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