JPMorgan Tightens Its Wallet for Traders and Bankers: ChartBy
Paychecks are getting smaller for some at JPMorgan Chase & Co. The biggest U.S. lender by assets cut its pay pool at its corporate and investment bank by 14 percent to $2.6 billion, down more than $420 million from a year earlier. The bank reported first-quarter profit on Wednesday that beat Wall Street estimates, helped by the reduced compensation expenses and better-than-expected trading revenue.
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