Lunchtime Links: Is JPM cutting fewer people than planned?

Although JPMorgan's investor day presentation yesterday contained some cheering news about plans to expand in prime broking, commodities and emerging markets, it also involved the now obligatory revelations of coming job cuts. Co-head of investment banking Steve Black said headcount at the investment bank will be slimmed from 28,000 now to between 26,000 and 27,000 by the end of the year. While this is obviously bad news for the 2,000 or so who lose their jobs, it does, however, look considerably better than the prognostications coming out of JPM last month. In January, Jamie Dimon suggested that 6,000 jobs would go from the investment bank before the end of this year. Have 4,000+ staff now been given a reprieve?

Goldman said to be making cuts yesterday (we hear this applied to London too). (Dealbreaker)

Pandit is safe because no one actually wants his job. (Dealbook)

Earn 72-90k promoting the City. (The Times)

Private equity and hedge fund managers could pay $24bn in extra taxes. (Bloomberg)

Merrill Lynch expanding in equity research in Japan. (Bloomberg)

Evercore's establishing a transportation and infrastructure team. (DealBook)

Fred Goodwin wants to keep his 17m pension. (The Times)

Is Fred's pension actually 25m? (Financial Times)

€3bn Q4 loss at Dresdner. (Alphaville)

There are jobs building battery powered Range Rovers. (Independent)

Is this the bottom? (Is this the bottom?)