Investment Banking

Bank of America and JPMorgan plan fresh curbs on junior banker hours

JPMorgan will cap junior workloads at 80 hours a week, while BofA will introduce a new time-keeping tool

JPMorgan has introduced its first cap on junior hours
JPMorgan has introduced its first cap on junior hours Photo: Michael Nagle/Getty Images

JPMorgan and Bank of America are set to introduce new checks on junior banker workloads after a fresh focus on brutal hours in the industry.

JPMorgan is to cap junior investment banker hours at 80 per week in the first formal limit by the US bank, The Wall Street Journal reported, citing people familiar with the matter.

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