JP Morgan may be in danger of bringing new meaning to the term "bulge-bracket bank". It has decided that increasing profits by almost 80% in the past quarter wasn't quite good enough for its staff to keep the in-house gyms, so it is closing them.

Some might consider this a little stingy for a company that earned $2.5bn in the three months to September, but sympathy is likely to be limited after bonus time. Most senior staff can afford to buy their own gyms anyway, along with a personal trainer to help them work off the mince pies.