JPMorgan (JPM) reportedly cut investment banker pay by only 3% in 2012, far less than the...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan (JPM) reportedly cut investment banker pay by only 3% in 2012, far less than the double-digit amount some had been braced for. This comes as M&A fees fell 17% and equity underwriting fees fell 13% last year.