JPMorgan paid bankers, traders 3% less in 2012 • NEW YORK — JPMorgan Chase paid investment bankers and traders about 3 percent less in 2012 as shaky economies in the U.S. and Europe put a damper on deals, said two people with knowledge of the firm’s compensation.
Portfolio managers and other executives in asset management received an average 6 percent increase in salary and bonuses, according to two other people briefed on pay at New York-based JPMorgan, the largest U.S. lender by assets.
Senior investment bankers and traders had braced for steeper reductions exceeding 10 percent, one person said, after global deals slid 13 percent to $2.67 trillion in 2012.
