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JPMorgan Chase & Co

Business
JPMorgan Chase Lays Off Hundreds In Mortgage Unit As Homebuying Declines, Report Says JPMorgan Chase Lays Off Hundreds In Mortgage Unit As Homebuying Declines, Report Says
JPMorgan Chase Lays Off Hundreds In Mortgage Unit As Homebuying Declines, Report Says JPMorgan Chase & Co. is laying off hundreds of its employees who focus on mortgage lending, according to a new report from Bloomberg. The layoffs will take place this week, the news outlet reported on Wednesday, June 22. Hundreds of employees will also be reassigned to different divisions, Bloomberg reported. Bloomberg said a spokesperson for the investment bank said the decision was due to "cyclical changes in the mortgage market," and the news outlet added that high mortgage rates have led to lower demand.  Read the full report from Bloomberg here.

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by Nicole Valinote
Politics
Kathy Hochul, Hours Away From Becoming NY's First Female Governor, Names Two Women To Key Posts Kathy Hochul, Hours Away From Becoming NY's First Female Governor, Names Two Women To Key Posts
Kathy Hochul, Hours Away From Becoming NY's First Female Governor, Names Two Women To Key Posts Lt. Gov. Kathy Hochul, who will soon become New York's 57th governor, announced two senior appointments for her incoming administration. Hochul announced on Monday, Aug. 23, that Karen Persichilli Keogh will be appointed secretary to the governor and Elizabeth Fine will be appointed counsel to the governor. Keogh succeeds Melissa DeRosa as secretary to the governor, the highest-ranking position for a non-elected official in the state government. “Karen Persichilli Keogh and Elizabeth Fine bring the depth of knowledge, leadership, and experience that it will take to meet the challenges New …

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by Nicole Valinote