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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

JP Morgan Chase to use computer estimates to monitor hours worked by junior bankers

JP Morgan JP Morgan Chase United States Leo Lukenas III Bank of America Goldman Sachs
JP Morgan Chase headquarters building in New York
In 2024, JP Morgan appointed a senior banker to oversee the wellbeing of junior staff, and has since curtailed weekend work for younger employees. Photograph: Mike Segar/Reuters

JP Morgan Chase has started to compare the hours junior investment bankers claim to have worked against logs on its IT system.

The US bank said it would begin issuing reports to junior bankers that compare computer-generated estimates of their work weeks against their self-reported time sheets as part of a pilot scheme.

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