Swelling workloads are testing promises made by banks just a few years ago to give junior staff more breaks and safeguard their health. The death in May of Bank of America associate Leo Lukenas from a heart attack has triggered a renewed focus on the impact of work on health.
Bank of America and JPMorgan Chase & Co are planning to restrict and increase monitoring of the hours worked by young bankers, according to the Wall Street Journal.
JPMorgan will limit junior banker hours to 80 per week in most cases, the Journal reported, citing people familiar with the matter. Bank of America is introducing a new tool to more closely track how junior bankers spend their time, the report said.
