January 23, 2018 / 12:15 PM / 8 months ago

JPMorgan to raise pay, hire staff in $20 bln investment push

Jan 23 (Reuters) - JPMorgan Chase & Co said it would increase wages, hire more and open new branches as part of a $20 billion investment following the overhaul of the U.S. tax code.

The bank will increase wages for 22,000 employees by an average of 10 percent, ranging from between $15 and $18 per hour, hire 4,000 employees and open up to 400 Chase branches in new cities, it said. reut.rs/2n4C0xj (Reporting By Aparajita Saxena in Bengaluru; Editing by Saumyadeb Chakrabarty)

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