JPMorgan's CEO Jamie Dimon Receives $36 Million Pay Package

JPMorgan's board praises CEO Jamie Dimon as "highly talented and experienced" while awarding him a $34.5m bonus, on top of a $52m retention deal, despite some corporate governance concerns; two bankers, Marcus Satha and Osman Malik, are leaving banking for more interesting pursuits, one to focus on a charity for diverse children's books and the other to expand a blues club into a multimedia property; Jain Global Capital's hedge fund launch size is now estimated at $5-6bn; Citi is cutting 20 equity research jobs in Asia and experiencing high-profile departures; UBS is laying off former Credit Suisse Managing Directors; and a longread in the FT details a disastrous business relationship between a French fund manager and Lars Windhorst.