Nov
29
JPMorgan Leaves Bonus Pool for Traders, Bankers Unchanged
By-
Plans could be adjusted depending on December trading results
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`Flat is the new up,’ Options Group CEO says as banks cut pay
JPMorgan Chase & Co., the world’s biggest investment bank by revenue, is leaving its bonus pool roughly unchanged from 2014, adding to pressure on weakened rivals, according to people with knowledge of the plan.
The bank told top managers about its initial decision this month as desks prepare for year-end pay discussions with employees, said the people, asking not to be identified talking about personnel matters. While JPMorgan’s plan may yet change depending on trading performance in December, its push to preserve the pool bucks the trend at European competitors including Deutsche Bank AG, which is preparing to cut payouts…
JPMorgan Leaves Bonus Pool for Traders, Bankers Unchanged
