More on JPM: Hot on hiring, cooling on pay?

To listen to Jamie Dimon on today's conference call, anyone would think JPMorgan is about to go out and grow global headcount crazily very soon.

Dimon said JPM investment bank is all about having, "more bankers, more countries, more coverage, and more research."

Pressed on this, Dimon said that they want, "more bankers, better bankers, more services, more coverage and more clients." And this doesn't only apply to emerging markets.

He also conceded that, what with declining EMEA investment banking revenues in the second quarter, JPMorgan has lost share in some areas. However, Dimon said this was partly attributable to JPM's elevated market share in 2Q09 (although it's not clear how this would have impacted quarter-on-quarter numbers...).

JPMorgan - second only to Goldman Sachs for City bonuses last year

Separately, the revelation that JPMorgan paid $550m (358m) in bonus tax suggests it was second only to Goldman Sachs in the value of its London bonus pot for 2009.

But JPM may not be so generous in 2010. Not only are EMEA revenues down substantially in the first quarter, but year to date compensation per head across the investment bank is $223k so far this year. It was $233k at this point in 2009.