JPMorgan Bonuses May Drop as Bank Wraps Up Performance Reviews
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JPMorgan Chase & Co., the biggest and most-profitable U.S. bank, is damping employees’ salary and bonus expectations as the lender wraps up year-end performance reviews, said three executives familiar with the process.
Managers are telling workers at the New York-based firm that total average compensation may be lower to unchanged from last year and that year-end bonuses mostly will depend on the company’s profit and the performance of their divisions.