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Jamie Dimon Is Here To Help

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Let's start with some good news this morning. The Financial Times is reporting that JPMorgan Chase has launched "an unprecedented campaign" to find jobs for more than 5,000 people who are being laid off after the take rover Bear Stearns.

Jamie Dimon, JPMorgan's chairman and chief executive, has personally written to more than 30 clients, rivals and vendors to ask them to consider former Bear staff. People close to the situation said Mr Dimon was planning to send about 100 such letters.

And it's more than just a few letters. It's a major corporate initiative being headed up by Frank Bisignano, JP Morgan's chief administration officer. The bank has already assembled a database of 3,000 vacant positions across the industry. Basically, JP Morgan has set up a temporary financial job placement firm. (Of course, if you are worried you might need to find a new job, you don't have to wait for Jamie to find it for you. You can always take a look in our Career Center.)
JPMorgan seeks jobs for sacked Bear staff [Financial Times]