Lunchtime Links: Zero bonuses coming at Citi, but Canadian banks are increasing or stabilising incentive pay this year

Contradictory messages are being purveyed on the future of investment banking compensation. On one hand, Jamie Dimon thinks compensation will remain high. On the other, Kenneth Jacobs, chairman and chief executive of Lazard, thinks it won’t. Dimon’s justification is simple: banking is a low capital intensive industry [which is reliant upon employees to add value]. […]