JPM Prime Brokerage Bonuses cuts
According to this article from deal breaker JPM's Prime brokerage FO/MO personnel just took a big hit on their bonuses (about 75% on the departmental level). Given JPM's recent 40+% increase in revenues what do you think of this bonus cut and where do you see JPM's prime brokerage (especially personnel wise) going forward? Would love to hear your responses!
Link to article:
http://dealbreaker.com/2011/01/bonus-watch-11-JPMorgan-seems-to-be-sending-some-groups-a-hint/
