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JPMorgan juniors see bonus cuts as banks rein in pay costs

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JPMorgan has cut back bonuses for junior bankers this year following successive salary hikes at the Wall Street bank over the past 12 months.The US investment bank announced bonuses for its analysts on 1 August, with juniors telling Financial News that variable pay was between 45% to 60% of salary, depending on performance.Last year, JPMorgan...

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