JPMorgan Plans To Keep Pay Roughly Flat From Last Year

wochit business
November 21, 2013 AT 9:33 AM
JPMorgan Chase plans to keep overall compensation roughly flat this year from last year, in a sign that employees will feel at least some pain from the bank's recent legal settlements. Pay increases have been muted across much of the banking sector in the aftermath of the financial crisis, but JPMorgan's decision would put the bank on the lower end of expectations for the rest of the industry.