JP Morgan Chase to use computer estimates to monitor hours worked by junior bankers

Company says tool to compare self-reported hours with computer estimates is for ‘awareness, not enforcement’

JP Morgan Chase has started to compare the hours junior investment bankers claim to have worked against logs on its IT system.

The US bank said it would begin issuing reports to junior bankers that compare computer-generated estimates of their work weeks against their self reported timesheets as part of a pilot scheme.

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