Not all of JPMorgan's Wall Street operations saw pay decline. The Treasury & Securities division saw compensation rise year over year by 3 percent, on a 4 percent rise in net revenue.
The private equity division saw a decline in net revenue of 33 percent. The corporate lending division saw a 47 percent year over year decline in net revenue. Combined, that amounts to a 44 percent decline for the division. Compensation in the private equity/corporate division, however, rose by 3 percent.
Asset management compensation rose 10 percent for 2011 over 2010. Net revenues rose 6 percent.
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