JPMorgan Chase has removed the EU-imposed cap on bonuses for its London-based staff, according to Sky. This move follows a similar decision made by Wall Street giant Goldman Sachs last month. The removal of the cap is expected to impact the compensation structure for employees in the UK financial sector. The decision aligns with JPMorgan's strategy to remain competitive in attracting and retaining top talent in the industry.
JPMorgan follows Goldman to lift UK bonus cap https://t.co/vBBVsHiDYW
⚡️New: JPMorgan joins rival Goldman Sachs in scrapping a cap on London staffers’ bonuses https://t.co/pzuuRK4fol
Wall Street giant JPMorgan Chase has become the latest bank to scrap an EU-imposed cap on its UK staff’s bonuses after rival Goldman Sachs made the same move last month.
JP Morgan removes EU bonus cap for London-based staff Full story ⬇️ https://t.co/WUHmKsw8xg
JPMorgan joins rival Goldman Sachs in scrapping a cap on London staffers’ bonuses https://t.co/x1hiFhMA0T
*JPMORGAN REMOVES EU BONUS CAP FOR LONDON-BASED STAFF: SKY