JPMorgan and BofA cautious on job cuts as Goldman layoffs loom

JPMorgan Chase and Bank of America, the two largest U.S. banks by assets, expressed caution about job cuts in contrast with Goldman Sachs, where hundreds of layoffs could start as early this month.  "You need to very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth...