JPMorgan and Goldman Sachs bosses receive $314m windfall, boosted by Donald Trump

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JPMorgan and Goldman Sachs bosses receive $314m windfall, boosted by Donald Trump

JPMorgan and Goldman Sachs bosses receive $314m windfall, boosted by Donald Trump

The Independent-

The bosses of two of Wall Street’s biggest banks received a $314m (£241m) windfall last year as the value of their shares soared after Donald Trump’s victory in the US presidential election.

Jamie Dimon, who is chairman, president and chief executive of JP Morgan, and Lloyd Blankfein, the chief executive of Goldman Sachs, each saw their stock and options rise by more than $150m, new figures compiled by consultancy Equilar for the Financial Times show.

US bank shares jumped in the aftermath of Mr Trump’s win on 9 November, as investors predicted Wall Street-friendly policies and increased spending from the new administration.

[THE INDEPENDENT]

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