Huffpost Business

Wall Street Banks Cut Pay Yielding To Political Pressure

Posted: Updated:

Jan. 25 (Bloomberg) -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank slashed their compensation in the fourth quarter, responding to political pressure that will probably persist as details of bonuses for their top executives emerge in coming weeks.

Read the whole story at

Around the Web

HK Shares End Lower On Wall Street Fall; Financial Firms Lead

Strong Year for Goldman, as It Trims Bonus Pool

As Wall Street Defers Bonuses, Others Suffer

Wall Street's most successful bank caps bonuses for UK

Frank taking aim at Wall Street bonuses