from Zero Hedge
As the real economy continues to decelerate and the Federal Reserve’s ‘Not QE’ catapulted growth stocks to the moon, well not anymore since coronavirus has spooked global markets, bankers across the industry have seen their annual bonuses stagnate.
JPMorgan Chase & Co. recently decided to keep annual bonuses flat across its investment bank segment for the 2019 year, reported Bloomberg.
JPM bankers should not complain about the lack of pay increases, at least they still have a job, considering an industrywide cut has shocked many in the last year, as macroeconomic headwinds continue to rise.