Wall Street Banks Cut Pay Yielding To Political Pressure

03/27/2010 05:12 am ET | Updated May 25, 2011
  • Michael J. Moore bloomberg.com

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.

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