Credit Suisse First Boston, Goldman Sachs and Lehman Brothers have already downsized in Asia and it is thought that there was a JP Morgan meeting in Hong Kong over the weekend to discuss headcount requirements.
The bank refused to comment on the rumour of job losses in the region.
Swiss banking giant UBS is the only major bank to rule out headcount reductions in the area and, indeed, confirmed that they were hiring.
Jobs May Go At JP Morgan
There is increasing unease amongst the 370 JP Morgan investment bankers in the Asia-Pacific region. Many are concerned that the bank is set to join several of its competitors who have already cut heads in the area.
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