JPMorgan Chase allots $9.3 billion in bonuses

Full Story at msnbc.com

NEW YORK – JPMorgan Chase & Co. on Friday announced a record $9.3 billion payday for its investment-banking employees, setting the stage for competitors like Goldman Sachs Group Inc. to also make eye-popping payouts.

On a per employee basis, JPMorgan investment bankers, sales staff and traders, on average, are set to make about $379,000 for 2009, up more than $100,000 from 2008, when the broader financial sector was mired in crisis.

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