London-based staff at JP Morgan no longer subject to EU bonus cap

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JP Morgan Chase, the largest bank on Wall Street, has announced plans to lift Brussels’ bonus cap for its London-based staff. This comes just weeks after rival Goldman Sachs made a similar move, signaling a new era in industry pay post-Brexit. The bank is in the process of notifying employees that it will preserve elements of the remuneration packages implemented after the European Union’s cap on…

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