JPMorgan, BofA would see pay rules hardened under U.S. proposal

NEW YORK - JPMorgan Chase & Co., Bank of America Corp. and the other four largest U.S. banks, which already restrict terms of senior executives’ incentive compensation, would face tougher limits under a new set of proposed U.S. rules. The recommended curbs on pay practices that contribute to excessive risk-taking, which were put out for…

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