Wall Street Banks Enforce 80-Hour Weekly Limit For Junior Bankers As JPMorgan And Bank Of America Address Overworking Issues Following Tragic Incident: Report
Wall Street Banks Enforce 80-Hour Weekly Limit For Junior Bankers As JPMorgan And Bank Of America Address Overworking Issues Following Tragic Incident: Report
華爾街銀行對初級銀行家實行每週80小時的工作時限，摩根大通和美國銀行在一起處理過度工作的問題，這是根據一份報道。
JPMorgan Chase & Co(NYSE:JPM) andBank of America Corp(NYSE:BAC) are implementing new measures to monitor and limit junior bankers' work hours.
What Happened: Both banks are responding to a detailed report on the hazardous overwork culture in investment banking. The Wall Street Journal investigation revealed that junior bankers at Bank of America were often instructed to falsify their work hours to avoid surpassing limits.
JPMorgan Chase will now impose an 80-hour weekly cap on junior investment bankers' hours, a first for the bank. Exceptions will be made for certain situations, such as live deals, according to the...
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