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Tag: JPMorgan
Slashing of bankers' pay in China may lead to exodus
Jiang Jianqing, chairman of Industrial & Commercial Bank of China (ICBC), earned less than 2 per cent of JPMorgan Chase CEO Jamie Dimon's compensation last year while reporting twice the profit. Instead of a reward, Jiang is poised for a pay cut.
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Wall Street in for bigger job cuts: analyst
By Agencies Job Market Trend Report
Wall Street
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Elite Finance
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Banking and Finance
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banking jobs
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Citigroup
Banking analyst Meredith Whitney says she doesn’t see opportunities for banks to improve return on equity through increased revenue alone, making cost-cutting inevitable, including more job cuts – probably to the tune of 50,000 positions to bring headcounts in line with revenue
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