JPMorgan Keeps Bonuses Flat for Bankers, Traders
- Record revenue at investment bank countered by focus on costs
- Pay consultants predict bonuses dropped 5% across Wall Street
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JPMorgan Chase & Co. is keeping annual bonuses at its corporate and investment bank roughly flat for 2019 even as workers across Wall Street brace for a drop in payouts.
The biggest U.S. bank’s decision, described by people briefed on the matter, came after the unit notched its best year since at least 2011. Most of the workers were told about their payouts last week, said one of the people.