Banks pay up to retain talent
LONDON & NEW YORK – Bonuses at JP Morgan were the best among banks reporting in so far, according to market sources.
At JP Morgan, staff compensation figures totalled $26.9 billion, an 18% increase from 2008. Investment bankers received $9.3 billion in salary, including bonuses, a 21% increase from 2008.
Meanwhile, at Morgan Stanley staff compensation figures amounted to $14.4 billion, a 31% increase from 2008. However, one New York-based headhunter said: "The word from Morgan Stanley is that
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