JPMorgan Is Hiring 190 Bankers, Support Staff to Combat Burnout

JPMorgan Chase & Co. is adding almost 190 workers to its investment-banking ranks as Wall Street firms seek to ease the burden for junior bankers inundated with work during the pandemic.

The largest U.S. bank has hired 65 analysts and 22 associates globally, and is planning to hire 100 more bankers and support staff, according to a person familiar with the matter. The effort was announced internally in a town hall Tuesday with Jim Casey and Vis Raghavan, JPMorgan’s global co-heads of investment banking.