JPM cuts bonus pool
Though the earnings from the IB division of the bank fell, JP Morgan reported higher than expected earnings. As a result it will cut its IB bonus poll...
http://dealbook.blogs.nytimes.com/2010/10/14/JPMorgan-cuts-i-bank-bonus-pool/?src=twt&twt=nytimesdealbook
Did you even read the article? Earnings are up but IB revenue has fallen by up to 30%.
No I didn't read it, I just found the link and posted it. Yes I read it. My point was that despite the uptick in reported earnings yesterday (which was a fairly high profile report), IB still took a hit. Thanks for the feed back though.
The main reason their earnings are even up is because they reduced their reserves for future losses.
True, I just thought the forum as a whole would be interested in the decline in Bonuses.
Minima expedita aspernatur nulla accusamus a molestiae ratione. Nesciunt minima non nihil atque sed. Ut est mollitia eligendi totam dolore autem aut. Fuga eum eveniet nesciunt quia est. Odio et iure ipsa. Est neque cupiditate quas est ipsum minus. Nemo quas dolore omnis autem ab.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...