JPMorgan follows Goldman in lifting UK bonus cap
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.JPMorgan Chase has told its employees in the UK that it will remove caps on banker bonuses, making it the second-largest lender after Goldman Sachs to take advantage of Britain’s decision to lift limits on payouts to top performers. Employees at the Wall Street bank’s UK operations will now be able to earn up to 10 times their base salary in bonuses while fixed pay will remain the same. The approach differs from...
