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JPMorgan Chase has once again sent shockwaves through Wall Street with a bold stance on job hopping. In a leaked letter, the bank warned that analysts who accept job offers elsewhere within their first 18 months will face immediate termination. It’s not the first time JP Morgan CEO Jamie Dimon has raised concerns about loyalty, ethics and the growing trend of private equity firms poaching fresh talent. But, what does this mean for aspiring bankers and the broader financial indus
t
ry? A major crackdown on job hoppi
ng The new JP Morgan rule, detailed in a letter signed by global banking co-heads