JPMorgan to leave bonus pool unchanged

NEW YORK: JPMorgan Chase & Co, the world’s biggest investment bank by revenue, is leaving its bonus pool roughly unchanged from 2014, adding to pressure on weakened rivals, according to people with knowledge of the plan.

The bank told top managers about its initial decision this month as desks prepare for year-end pay discussions with employees, said the people, asking not to be identified. While JPMorgan’s plan may yet change depending on trading performance in December, its push to preserve the pool bucks the trend at European competitors including Deutsche Bank AG, which is preparing to cut payouts.