Mixed bonus news

Piggy Bank

A few corners of Wall Street are expecting big bonuses, but for most of the industry it is likely to be a disappointing year.

The New York Times reports that the year-end payouts could drop as much as 10% for the trading desks and hedge funds that not long ago were the centers of gravity on Wall Street, according to an annual survey by the compensation consulting firm Johnson Associates scheduled for release on Monday.

Still, there will be bright spots for certain Wall Street titans. Investment bankers and employees at private equity firms involved in mergers and acquisitions should see their bonuses rise 10 to 15%, the survey found. Asset managers, traditionally the more staid players in the financial industry, are also likely to land bigger paychecks.

To access the complete New York Times article hit the link below

Wall Street’s Bonus Season Not Likely to Be Filled With Joy, Survey Finds

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