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December 20, 2011

Report: Seven Largest Banks on Track For Record-Breaking $156 Billion in Compensation 
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In banking news, a new report from The New Bottom Line is predicting
total compensation at seven of the biggest U.S. banks to total a record
breaking $156 billion this year. The report examined the records of Bank
of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, US
Bank, and Wells Fargo. Six of the seven banks set aside more money for
compensation through the first three quarters of 2011 than they did in
the first three quarters of 2010.



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