Dimon said JPMorgan’s earnings will be “down meaningfully” this year.
JPMorgan plans to raise money from pension funds, sovereign-wealth funds, family offices and private banks.
The bank is also planning to give all its workers an extra five paid days off.
The split is raising thorny legal and fairness issues for corporations.
The bank will split the workers, with one group working from home while the other is in the office.
Banks, led by JP Morgan, may be getting back into the mortgage lending business.
JPMorgan has been trying to boost its share in the business of advising high-net-worth individuals.
The new plans don’t require the employees to pay deductibles, unlike their existing insurance offering.
JPMorgan has already made plans to move hundreds of New York-based credit-risk jobs to Texas.
Behind the scenes, the industry’s primary regulators have adopted a friendlier approach.
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