Coronavirus Update: Our team is here to help our clients and readers navigate these difficult times. Visit our Resources page now »

Skip to Main Content
by Derek Loosvelt | November 09, 2009


A sign that the recession has turned the corner (or, at least, that a big investment bank run by Jamie Dimon is back in the black and the rest of us may still be eating dust), JPMorgan Chase has lifted the salary freeze that it locked in place last year. In addition, the bank will again be matching 401(k) contributions.

Meanwhile, downtown, competitor Goldman Sachs’s CEO Saint Lloyd Blankfein says it’s business as usual, telling the U.K.’s Times Online that he’s been plugging away, spreading the love, booking billions of dollars “doing God’s work.”

Bless you, Lloyd.


Filed Under: Finance
Don't Miss Vault's Newsletter

Career advice, tips, and updates on Covid-19.