Business

JPMorgan Executives Ousted in a $200 Million Probe Land New Jobs

  • U.S. investigation into personal phone use chilled Wall Street
  • Jefferies, Brean, PJT hire staff exiting JPMorgan over probe
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Wall Streeters shuddered as the news broke last year that U.S. regulators were examining whether bank employees were using personal phones to text about business with each other and clients -- a rule that just about everyone seemed to be breaking.

Yet for those quietly worrying, there’s a silver lining emerging: It doesn’t appear to be a career killer.