JPMorgan mulling pay rise for bankers - NY Post

June 30 (Reuters) - JPMorgan Chase & Co (JPM.N) chief executive Jamie Dimon may raise base salaries for investment bankers to remain competitive while avoiding big bonuses, the New York Post reported.

The final composition of those pay packages has not been finalised and the compensation structure may not be changed, the paper said, citing sources familiar with the matter.

JPMorgan was not available to comment.

Another U.S. investment bank, Citigroup Inc (C.N) is raising salaries to offset restrictions on bonuses after the troubled bank accepted $45 billion of federal bailout money. [ID:nLP512852]

Earlier this month, the Obama administrations appointed Kenneth Feinberg to oversee pay practices at Citigroup and six other companies that received "exceptional" federal aid.

Feinberg's authority over compensation, though, extends only to the 100 highest-paid employees, not the rank-and-file. (Reporting by Hezron Selvi in Bangalore; Editing by Dan Lalor)