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JP Morgan to ban staff from instant messaging services

JP Morgan to ban staff from instant messaging services

America’s biggest bank, JP Morgan, is preparing to ban staff from using any kind of online messaging service other than traditional email.

The clampdown could be formalised as soon as this week and is likely to include services such as Bloomberg’s messaging platform, which has long been a mainstay of bankers’ communication.

JP Morgan has been considering such a move following a series of thorny legal cases against banks, in which regulators have homed in on instant messaging services as potential evidence.

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