JPMorgan begins program to observe junior banker hours

JPMorgan Chase has started a monitoring program to guard against overwork by its junior investment bankers.

In a pilot plan, the bank will seek to match up hours claimed by the bankers with digital activity, according to a person with knowledge of the matter. The tool won’t be used for evaluation purposes, but is designed to provide a better estimate of employee workloads, the person said, asking not to be identified discussing private information.