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

about 12 hours ago
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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 time sheets as part of a pilot scheme.The company said it planned to roll out the programme more widely across its investment bank, with IT estimates based on employees’ weekly digital activities including video calls, desktop keystrokes and scheduled meetings.“Much like the weekly screen time summaries on a smartphone, this tool is about awareness, not enforcement,” JP Morgan said in a statement.“It’s designed to support transparency, wellbeing, and encourage open conversations about workload.

”In 2024, JP Morgan appointed a senior banker to oversee the wellbeing of junior staff, and has since curtailed weekend work for younger employees.The bank has also capped the working week for younger staff at 80 hours.Technology to monitor employees, known as “bossware”, has become increasingly commonplace in financial services since the increase in working from home triggered by the Covid pandemic.However, some workers have argued that it violates their privacy.The banking industry has also been tougher than others in mandating back-to-the-office policies post-pandemic.

The investment banking industry has a long history of brutal workloads and punishing hours, matched by six-figure salaries even for entry-level roles.Two years ago, a junior banker at Bank of America, Leo Lukenas III, who worked at Bank of America, died of a blood clot having previously cited work weeks of more than 100 hours.In 2013, Bank of America Merrill Lynch intern Moritz Erhardt, 21, was found dead in a shower at his London flat after working 72 hours in a row.Two years later, Goldman Sachs told summer interns to make sure they went home before midnight, and not to come back to the office before 7am – which is still potentially a 17-hour day.During the pandemic a small group of newly hired investment banking analysts at Goldman Sachs compiled a slide deck showing they were working 100-hour weeks and facing abuse from colleagues affecting their mental and physical health.

“Management monitors junior banker staffing and activity levels and regularly adjusts the workloads of our teams,” Goldman has said.
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House of Lords has ‘signed its own death warrant’ by stalling assisted dying bill, says MP

The House of Lords “signed its own death warrant” over its stalling of the UK assisted dying bill, the MP Kim Leadbeater said as she joined more than a dozen terminally ill and bereaved people in protest outside parliament.Marking the second anniversary of the death at Dignitas of the prominent assisted dying campaigner Paola Marra, Leadbeater, whose private member’s bill for England and Wales looks set to run out of time, said many MPs, who had already voted by a majority to pass the bill, were “angry and upset” by the addition of about 1,200 amendments in the Lords, which will probably result in the bill falling without a vote.The protest, organised by the campaign group Dignity in Dying, came as the number of UK residents who had an assisted death at Dignitas rose to its second-highest level in two decades. Forty-three people travelled to Switzerland in 2025, up from 37 the previous year, and second only to 47 people in 2016, figures show.Leadbeater said of the teminally ill adults (end of life) bill: “MPs took this decision having entered into this debate in a really serious, considered manner

about 9 hours ago
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Kent meningitis outbreak may have peaked as UKHSA reports slowdown in cases

The Kent meningitis outbreak may have reached its peak after only two new cases were reported by officials on Friday.The UK Health and Security Agency said that as of 12.30pm on Thursday, there were 18 confirmed and 11 probable cases of meningitis linked to the Kent outbreak, taking the total number of people with the disease to 29. Of the confirmed cases, 13 were meningitis B.While the growth in cases may have slowed, the situation remains serious, with all cases requiring hospital admission

about 10 hours ago
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The Kent meningitis outbreak: what is happening and why?

The deadly outbreak of meningitis in Kent has fuelled concerns about how far the disease will spread and seen the return of people wearing masks and queueing for vaccines. The scenes are reminiscent of the Covid crisis, but meningitis is very different. Here we look at how the outbreak has unfolded.Meningitis is a potentially lethal but uncommon disease caused by viruses and bacteria that trigger inflammation of the meninges, the protective linings that cover the brain. The Kent outbreak is driven by meningococcal bacteria which are found in the nose and throat of about 10% of the population

about 10 hours ago
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Tessa Richards obituary

My friend Tessa Richards, who has died of cancer aged 75, was a doctor and medical editor who campaigned indomitably for patients to be partners equal with doctors in healthcare. In addition, she transformed the relationship that the BMJ (formerly the British Medical Journal), where she worked for 40 years, had with patients.When Tessa graduated in medicine from Guy’s hospital medical school in London in 1973, doctors dominated patients, and did what they thought best for them. There was no culture of patients being equal partners, and doctors discussing options with them. As Tessa wrote in 1990: “Even the briefest spell on the other side of the desk or in a hospital bed gives blinding insight into patients’ vulnerability and of their need to be listened to, treated with respect, and given full, unhurried, jargon-free explanations

about 11 hours ago
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George Nicholson obituary

Borough Market in London is today a thriving market and popular place to eat – George Nicholson, who has died aged 79, was chair of its board of trustees for 10 years until 2006, and, as such, contributed much to that success. He loved the place; he and I ate there together, as friends, on his last birthday.George was proud of being a Londoner and his sense of civic pride and commitment to London continued all his life. In 1981 he was elected as the Labour member for Bermondsey of the Greater London council. He became chair of the GLC planning committee, advocating for Thames beaches, social housing, the best of urbanism and celebration of the possible

about 11 hours ago
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Father of meningitis victim, 18, tells of family’s ‘immeasurable’ devastation

The father of an 18-year-old school pupil who died after the meningitis outbreak in Kent said his family’s devastation is “immeasurable” as he called for better protection for young people.Juliette Kenny died last Saturday, one day after first showing symptoms of vomiting and discoloration in her cheeks, her father, Michael Kenny, said.He said his daughter had been “fit, healthy and strong” and had completed the practical assessment for her PE A-level two days prior to her death.Juliette Kenny, a sixth-form pupil at Queen Elizabeth’s grammar school in Faversham, is one of two students to have died after the outbreak of meningitis B in the county.Kenny said “no family should experience this pain and tragedy” and that “this can be avoided”, adding that he wanted his daughter’s legacy to be “lasting change”

about 17 hours ago
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FCA investigates collapsed lender MFS amid £1.3bn mortgage scandal

about 6 hours ago
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UK borrowing costs hit highest since 2008 as markets expect up to three interest rate rises

about 6 hours ago
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Fire experts ‘kept awake’ over growing hazard of lithium-ion batteries

about 11 hours ago
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Essex police pause facial recognition camera use after study finds racial bias

about 11 hours ago
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World’s top-rated Flat horse to race in Dubai despite conflict in the Gulf

about 6 hours ago
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Hodgkinson shrugs off kit mishap to cruise into world indoor 800m semi-finals

about 7 hours ago