JPMorgan Chase and Citigroup are mulling reductions to fixed pay for their senior executives in the UK, reported Bloomberg citing sources. This follows the recent modifications to local remuneration regulations. JPMorgan is expected to reach a decision in the coming weeks on whether to cut or entirely remove fixed allowances for employees deemed “material risk takers,” a category that includes senior traders, investment bankers, and compliance executives, according to a person privy to the development. ...