JP Morgan trainees fired for cheating on maths test

A number of British trainees working for JP Morgan have been fired after being found cheating on a basic maths test.

The junior bankers were working at the New York office when the incident occurred. According to the Telegraph, the employees were even made to pay for their own flights back to the UK.

The famous banking firm is known for hiring staff for its training schemes from some of the best universities in the country which makes the allegations of cheating even more surprising.

It's been reported that staff at the bank told the Telegraph that although the tests wouldn't have been hard for the trainees, cheating does happen as there is a lot of pressure to pass.

They said: "They test what would be pretty basic maths and economics questions to a graduate. There is an accounting element to it. Sometimes it's just putting things into a spreadsheet."

Adding: "These people must have cheated in a pretty stupid, clumsy way for them to get caught because otherwise I don't understand how they didn't get away with it.

Another employee described cheating on internal tests as 'pretty common practice'.

It's thought that trainees were found sneaking notes into the exams and copying other employees work.

This news comes as Goldman Sachs is also reported to have sacked at least 20 graduate trainees in London and New York for cheating.

A spokesman from Goldman Sachs confirmed the news and said: "This conduct was not just a clear violation of the rules, but completely inconsistent with the values we foster at the firm."