JPMorgan and Bank of America reduce junior bankers' working hours due to excessive workloads and industry scrutiny.

JPMorgan and Bank of America are implementing measures to reduce working hours for junior bankers due to concerns over excessive workloads surpassing 100 hours weekly. JPMorgan will cap hours at 80, with exceptions for live deals, while Bank of America will launch a "banker diary" platform to monitor workloads. These actions follow industry scrutiny and the tragic death of a Bank of America associate, highlighting the need for healthier work environments.

September 12, 2024
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