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Wall Street Banks Cut Pay Yielding To Political Pressure

First Posted: 03/27/10 06:12 AM ET Updated: 05/25/11 04:20 PM ET

Wall Street Pay Cuts
Wall Street Pay Slashed Amid Political Furor Over Banker Compensation

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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Filed by Grace Kiser  |