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JP Morgan to scrap bonus cap for London staff - report

By Abigail Townsend

Date: Wednesday 19 Jun 2024

(Sharecast News) - JP Morgan Chase is to scrap Brussels' cap on bonuses for its UK bankers, it was reported on Wednesday.
The European Union introduced strict rules on banker bonuses in 2014 in response to the 2008 financial crisis. In particular, it banned material risk takers working in lenders' EU...

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