JPMorgan and Nomura Are Said to Plan Job Cuts

JPMorgan and Nomura Are Said to Plan Job Cuts

Assessment

Interactive Video

Business

University

Hard

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The video discusses the ongoing trend of job cuts in the banking sector, focusing on major banks like JPMorgan and Nomura. It highlights the broader context of cost-cutting measures aimed at increasing profitability amidst low interest rates. The discussion includes examples from American and European banks, such as potential mergers and job cuts in Germany. The video also emphasizes the importance of balancing layoffs with hiring in growth areas, reflecting the dynamic nature of the banking industry.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which divisions are affected by JPMorgan's planned job cuts?

Corporate Banking

Technology

Asset and Wealth Management

Retail Banking

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key reason for banks like JPMorgan to review their staff?

To increase profitability and manage costs

To improve customer service

To expand into new markets

To comply with new regulations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge is Nomura facing in its overseas operations?

Difficulty in turning around the business

Lack of skilled workforce

Regulatory issues

High competition

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What potential merger is mentioned in the context of the banking sector?

HSBC and Barclays

Deutsche Bank and Commerce Bank

BNP Paribas and Société Générale

UBS and Credit Suisse

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should be considered alongside job cuts in the banking industry?

Hiring in growth areas

Regulatory compliance

Technological advancements

Customer satisfaction