NEW YORK: Goldman Sachs and JPMorgan Chase, Wall Street's premier investment banks, this week informed staff of bumper bonuses for 2021, following a record-breaking year for Wall Street dealmaking. Goldman Sachs increased its annual bonus pool for top-performing investment bankers by 40% to 50%, people with direct knowledge of the matter said. JPMorgan Chase, the largest U.S. bank, increased its annual bonus pool for top-performing investment bankers by 30% to 40%, sources with direct knowledge of the matter said. Goldman Sachs and JPMorgan declined to comment. Top performers in M&A advisory and equity capital markets enjoyed some of the biggest bonuses at both Goldman and JPMorgan, the people said.

Source: The Star January 21, 2022 04:32 UTC