J.P. Morgan Chase & Co. reduced the compensation per
employee for investment bank staff by 12.5% year-to-date, as revenue in the unit
dropped 9% from a year ago according to the WSJ
The largest U.S. bank by assets has set aside $4.9 billion
in compensation for the business for the first six months of the year, down 16%
from $5.9 billion a year earlier. On average, the ...
Grab a fresh hankie and go to http://online.wsj.com/article/BT-CO-20120713-705661.html
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