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A job posting shows JPMorgan’s consumer bank is assembling a ‘recession readiness’ team and drawing up a playbook to navigate downturns

“It’s run under the Chase name and includes products like retail branch banking, credit cards, home and auto loans” writes Shannen Balogh for businessinsider.com. The recession readiness analytics role, posted on October 31st, is based in Wilmington, Delaware, where JPMorgan currently employs 3,800 people across card services and consumer banking.At the same time, JPMorgan CEO Jamie Dimon was likewise generally positive, saying: “If you look at consumer credit, commercial credit, wholesale, it’s extraordinarily good.JPMorgan is considering relocating several thousand New York-based jobs to other cities in an effort to reduce costs, according to media reports.
 
Source: businessinsider.com



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