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bonus cap thresholdSky News
•83% Informative
JP Morgan Chase to preserve some elements of remuneration packages introduced after EU 's cap on variable pay came into force in 2014 .
US -based banking behemoth has also decided to raise its bonus cap threshold from two times' fixed pay to a multiple of 10 .
Goldman Sachs has also increased its cap from 2:1 to 25:1 .
Move by Wall Street's two biggest investment banks expected to trigger an arms race among rivals.
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