Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

JP Morgan Abandons EU Bonus Cap, Unveils New Compensation Structure

Nnaemeka OkwarabyNnaemeka Okwara
June 20, 2024
in Business & Finance
0
JP Morgan Abandons EU Bonus Cap, Unveils New Compensation Structure
Share on FacebookShare on TwitterShare on Whatsapp

JP Morgan Chase & Co. (NYSE: JPM) has announced that it will no longer adhere to the European Union’s (EU) bonus cap for its London-based employees, effective immediately.

The decision, which follows a similar move by Goldman Sachs earlier this year, allows JP Morgan to offer higher bonuses to its top performers. The bank believes that this new pay structure will be attractive to both current and potential employees, and will enable the firm to remain competitive in the industry.

The EU bonus cap, which was introduced in 2014 as part of the Capital Requirements Directive (CRD IV), limits bonuses to 100% of an employee’s fixed salary, or 200% with shareholder approval. By removing this cap, JP Morgan will be able to offer more flexible and competitive compensation packages to its employees.

The change is expected to trigger similar moves by other banks in the industry, as they seek to retain and attract top talent in a highly competitive market.

JP Morgan’s decision is seen as a strategic move to position the bank for long-term success, and to recognize and reward the contributions of its high-performing employees.

“We believe that this change will allow us to attract and retain the best talent in the industry, and to recognize the outstanding contributions of our employees,” said a spokesperson for JP Morgan.

The move is subject to regulatory approval, and the bank is working closely with relevant authorities to ensure a smooth transition.

This development highlights JP Morgan’s commitment to its employees and its ongoing efforts to maintain its position as a leading global financial institution.

Tags: BusinessCompensationEUfederal characterForeign NewsJP MorganJP Morgan Abandons EU Bonus CapNewsUnveils New Compensation Structure
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 25, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 24, 2025
Dangote Group Disowns Killer Truck in Ondo Crash
Business & Finance

Dangote Group Disowns Killer Truck in Ondo Crash

October 23, 2025
Next Post
NANS condemns attacks against security personnel

NANS condemns attacks against security personnel

Traoré Denies Mutiny Rumors After Deadly Insurgent Attack in Burkina Faso

Traoré Denies Mutiny Rumors After Deadly Insurgent Attack in Burkina Faso

Nigeria Joins Seven other Countries to Form the African Federation of Digital Enterprise

Nigeria Joins Seven other Countries to Form the African Federation of Digital Enterprise

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Who Is Jennifer Lopez’s 2024 Summer Companion?

Who Is Jennifer Lopez’s 2024 Summer Companion?

1 year ago
5:0? Mikel Arteta: It’s time to go!

5:0? Mikel Arteta: It’s time to go!

4 years ago
Breaking News: Douye Diri Pulls Ahead in Bayelsa Governorship Election Amidst Accusations and Irregularities

Breaking News: Douye Diri Pulls Ahead in Bayelsa Governorship Election Amidst Accusations and Irregularities

2 years ago
Reps Demand Immediate Payment of Pension Increment and Withheld Palliatives

Reps Demand Immediate Payment of Pension Increment and Withheld Palliatives

5 months ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Who’s Paying for Trump’s $300 Million Ballroom?

Psychologist’s Grave Warning About Trump

“I Am Not Done”: Kamala Harris Hints at 2028 Run, Defining Her Post-Presidency Path

Louvre Evacuates Jewels to Bank After Security Failure

Shina Peters Details Bizarre Plan That Helped Him Rebuild His Reputation

Sunderland​‍​‌‍​‍‌ Stun Chelsea with Late Winner to Climb Second in Premier League

Trending

Manchester United Hit Four Past Brighton to Seal Third Straight Premier League Win
Sports

Manchester United Hit Four Past Brighton to Seal Third Straight Premier League Win

byHashim Kolawole
October 25, 2025
0

Manchester​‍​‌‍​‍‌ United kept the good vibe going with Ruben Amorim by winning 4-2 against Brighton at Old...

Mystery Donor Gives $130M to Pentagon for Troops' Pay, Sparking Backlash

Mystery Donor Gives $130M to Pentagon for Troops’ Pay, Sparking Backlash

October 25, 2025
“We Want to Breathe”: Hundreds March in Tunis Over Worsening Pollution Crisis

“We Want to Breathe”: Hundreds March in Tunis Over Worsening Pollution Crisis

October 25, 2025
Who’s Paying for Trump’s $300 Million Ballroom?

Who’s Paying for Trump’s $300 Million Ballroom?

October 25, 2025
Psychologist’s Grave Warning About Trump

Psychologist’s Grave Warning About Trump

October 25, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Manchester United Hit Four Past Brighton to Seal Third Straight Premier League Win
  • Mystery Donor Gives $130M to Pentagon for Troops’ Pay, Sparking Backlash
  • “We Want to Breathe”: Hundreds March in Tunis Over Worsening Pollution Crisis

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com