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Morgan Stanley, JPMorgan, Bank of America diverge on bonuses

December 7, 2020

More often than not, when one major bank takes a stance — on any issue from environmentally conscious investing, to hiring a diverse workforce, to pandemic-induced work policies — its competitors are generally swift to follow if the move is seen as positive, or redirect if it fails.

It may be surprising then that the herd hasn’t chosen a direction on the issue of employee bonuses, seeing that three of the nation’s six largest banks have made their stance public.

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