JPMorgan’s move to maintain fixed payments for its senior dealmakers while scrapping strict limits on bonuses has been described as the “best of both worlds” by senior bankers at the Wall Street giant. 

JPMorgan has taken a different approach to Wall Street rival Goldman Sachs by limiting bonus payments to up to 10 times salary as it implements the UK government’s plans to do away with the long-standing EU bonus cap, while still keeping lucrative fixed payments.