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Dimon and Jacobs split on pay outlook

The chief executives of Lazard and JP Morgan give differing forecasts on levels of banker pay in a time of increased financial oversight

The chief executives of two of the most well-known US investment banks have given differing forecasts on levels of banker pay in a time of increased financial oversight.

Kenneth Jacobs, chairman and chief executive of Lazard, and Jamie Dimon, his counterpart at JP Morgan Chase, both spoke yesterday at the Goldman Sachs US Financial Services Conference in New York.

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