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JPMorgan, BofA and Citi to slash banker bonuses – Bloomberg Law

By:
Reuters
Published: Dec 2, 2022, 15:21 UTC

(Reuters) - JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus pools for their investment bankers by as much as 30%, Bloomberg Law reported on Friday, citing people with knowledge of the internal deliberations.

Signage is seen at the JPMorgan Chase & Co. New York Head Quarters in Manhattan, New York City

(Reuters) – JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus pools for their investment bankers by as much as 30%, Bloomberg Law reported on Friday, citing people with knowledge of the internal deliberations.

(Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath)

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