© Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. headquarters in New York May 20, 2015. REUTERS/Mike Segar/Files/File Photo
By Anirban Sen and Matt Scuffham
(Reuters) – Goldman Sachs and JPMorgan Chase (NYSE:), Wall Street’s top investment banks, briefed staff this week on exceptional bonuses for 2021, following a record year for Wall Street deals.
Goldman Sachs (NYSE:) has increased its annual bonus pool for top performing investment bankers from 40% to 50%, people with direct knowledge of the matter said.
JPMorgan Chase, the largest U.S. bank, has increased its annual bonus pool for top performing investment bankers from 30% to 40%, people with direct knowledge of the matter said.
The country’s largest banks face fierce competition to hire and are forced to pay more to recruit and retain talent.
JPMorgan boss Jamie Dimon said on Friday the bank would pay to retain top talent. Senior Goldman Sachs executives echoed those statements on Tuesday.
Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.