JPMorgan announced Friday it would pay employees in its investment banking unit $9.3 billion in for 2009, according to Reuters.



The large payout likely indicates that other banking giants will give out similar bonuses.

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JPMorgan investment bankers, sales staff and traders will make $379,000 per employee for 2009, up more than than $100,000 from 2008, when the economy suffered under the financial crisis.



The announced bonuses come as the Obama administration is proposing a new tax on large banks designed to recoup government loans to troubled financial firms during the near-collapse of the industry.



The bonuses also underscore the tension between Washington and the banking sector during a time when many politician's constituents still have not experienced their own economic recovery.



Bank of America, Citigroup, Goldman Sachs and Morgan Stanley are other large banks expected to announce their year-end figures in the coming weeks.



The investment banking division cut the company's revenue share toward compensation from 40 percent in the first quarter to 37 percent by midyear, according to the New York Times.



The percentage fell to 11 percent in the fourth quarter because of the impact of the British bonus tax and the greater use of stock awards.

Overall, the company earned $11.7 billion last year, more than twice its 2008 profit.

