New York  - JP Morgan Chase said Thursday it will eliminate more jobs than previously expected after its acquisition of bank Washington Mutual last year, cutting a total of 12,000 jobs.

Executives said at an investor conference that the job cuts and other measures would result in savings of about 2 billion dollars. Earlier JP Morgan had expected to cut about 9,000 jobs.

The New York firm acquired Washington Mutual in September after it fell victim to the financial crisis, becoming the largest bank to fail in US history. (dpa)