© Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files/File Photo
By Anirban Sen and Matt Scuffham
(Reuters) -Goldman Sachs and JPMorgan Chase (NYSE:), 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 (NYSE:) 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%, people with direct knowledge of the matter said.
The country’s largest banks are facing cutthroat competition to hire and are being forced to pay more to recruit and keep talent.
JPMorgan boss Jamie Dimon said Friday the bank would pay to retain top-flight talent. Top executives at Goldman Sachs echoed those statements on Tuesday.
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