Jan. 25 (Bloomberg) -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank slashed their compensation in the fourth quarter, responding...
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For most people working at banks, pay is down. Average pay at Goldman and JPMorgan dropped in the first three quarters of 2011. Pay at Morgan Stanley rose slightly -- up 6% from last year's compensation pool. But compare the average... Read Post
The CEOs of Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley had a combined total compensation of more than $80 million in 2011--a year when the last thing you wanted to touch was a financial... Read Post
Wachovia Capital Markets said the third quarter will be a “quarter to forget” for Wall Street investment banks and slashed its estimates for Goldman Sachs, Lehman Brothers and Morgan Stanley. “Seasonal slow markets, reluctant invest... Read Post