Bonus pots up.
While total trading revenue at the biggest banks climbed about 1.5% this year, employees in underperforming businesses like fixed-income and commodities trading may see less of an increase.
“People are going to feel good about their bonuses this year,” said Paul Gryglewicz, managing partner of Global Governance Advisors, which conducted a financial-services compensation survey the past four years. “Investment banking is going to be up. Sales and trading are going to be a mixed bag, depending on what specialty you might be involved in.”
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