Major U.S. banks are seeing operating expenses rise as employee wages, along with bonuses and compensations, go up in a tight Omicron-tainted labor market where companies struggle to hire and retain workers. Investment bank Goldman Sachs was forced to increase compensation and benefits to hold on to their staff, leading to a 23 percent surge…
Higher Employee Wages Denting Profits of Major US Banks
January 19, 2022
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Business & EconomyBusinesses in COVID-19CompanieseconomyGoldman SachsinflationJPMorgan ChaseUSUS minimum wageUS Newswage increase
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