Reuters reports that Wenning told the newspaper: 'I'm in favour of caps....No manager, and no investment banker, needs double-digit million pay'.
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Deutsche Bank director calls for bonus caps
In the meantime, the news agency reports that JPMorgan Chase's compliance with U.S. anti-money laundering laws is being reviewed by The Office of the Comptroller of the Currency, an independent branch within the Treasury Department, a source said, making the largest U.S. bank the latest target of a wide investigation of how banks prevent transactions involving drug money and sanctioned countries.
Hit the link below to access the complete Reuters article:
JPMorgan faces money laundering probe - source
Citibank disputes it hid Dewey's financial woes from ex-partners
BMO to cut 200 jobs at U.S. unit, more coming
image: © Candie_N
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