Letter: Profits are up, but jobs slashed
Traders work on the floor at the New York Stock Exchange on New Year's Eve. (Dec. 31, 2012) Credit: AP
You printed an article stating that profits at U.S. banks had jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years ["U.S. bank profits rise 37 percent," Business, Feb. 27].
On the preceding page, a different article states that JP Morgan Chase will eliminate jobs ["JPMorgan slashing as many as 19,000 jobs," Business, Feb. 27].
What's wrong with this picture? Where is the outrage?
Dan Morrin, Plainview
