NEW YORK - When Jamie Dimon was asked by an analyst on Friday if his bank would wait to hire employees for lower pay as the economy slows, the chief executive of JPMorgan Chase & Co had a blunt answer: "No."
Dimon isn't alone. Citigroup Inc increased its headcount to 238,000, up 8% from a year earlier, while its compensation and benefits rose 11%, according to results also released on Friday."We continue to invest in building out our teams for long-term growth opportunities, including health care, technology and energy," Citigroup CEO Jane Fraser said. "And I'm really pleased with the high-caliber bankers who are attracted to both our platform and our culture.
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