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JPMorgan Said to Have Fired 10 Analysts for Cheating on Tests

Bloomberg business news

Goldman Sachs Sacks 20 Analysts for Cheating on Exams

JPMorgan Chase & Co., the biggest U.S. bank, dismissed 10 analysts last month for cheating on internal training exams, a person briefed on the matter said Friday.

Some of the employees were based in New York and some in Latin America, said the person, who asked not to be identified because the moves aren’t public. The analysts are junior bankers, not research analysts who recommend stocks to investors.