Wall Street Profits Hit Record Levels, So Why Are Banks Still Killing Jobs?

JPMorgan Chase JPM -0.57%, Wells Fargo WFC +0.02% and Bank of America BAC -1.1% each announced job cuts this week. BofA said it was slashing 209 jobs, Wells is cutting 126 mortgage jobs in St. Louis as part of a 763-job reduction nationwide and JPM has started cutting hundreds across the country as part of a 15,000 job reduction. Citi laid off about 120 workers two weeks ago and more cuts are on the way

At the same time banks reported the biggest profits on record in the first quarter of 2013 earning $40.3 billion, up 16% from 2012.

Why are banks laying off workers while pocketing more money than ever?

da bu zhuo ya 

　　fu wu yuan ：“xian sheng ，wo men jiu dian you gao er fu qiu chang ，nin ke yi qu na wan wan 。”

　　nan zi ：“xie xie ni ，bu guo wo bu hui da gao er fu qiu 。”

　　fu wu yuan ：“zen me ke neng ？xiang nin zhe yang de shen jia ……”

　　nan zi :mei ban fa ：“hou tian tiao jian bu yun xu ，

　　wo ba qiu fang zai neng da dao de di fang wo kan bu dao da ，

　　fang dao wo neng kan dao de di fang wo you gou bu dao ，

　　da bu zhuo ya ！”