Exclusive-Goldman and JPMorgan give top bankers huge bonuses By Reuters

© 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.

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