(Bloomberg) -- JPMorgan Chase set aside 3% less to pay employees at its investment bank in the first nine months of 2014 as revenue in the division slumped, driven by a 12% drop in fixed-income trading.
The attached chart shows the accrual has gotten smaller for three straight years, falling to $8.43 billion, according to figures the New York-based firm released today. Its still enough to pay each of the divisions employees an average $163,420 for three quarters. Actual pay varies widely, reflecting employees roles and seniority.
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