2015 bonuses are expected to be flat or slightly down

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The new normal.

The New York Post reports that it’s bonus season on the Street, and Morgan Stanley and Citigroup are going to start telling their bankers and traders about their annual pay bump next week.

The 2015 bonus pools for investment bankers and bond and equity traders are expected to be about flat or slightly down at the two banks after a mixed year as bond desks suffered the most, two people with knowledge of the bonuses told The Post.

While bond trading desks across Wall Street saw their worst year since the 2008 financial crisis, bank profits were buoyed by lower legal costs and record-breaking revenues from mergers and acquisition advisory and investment banking.

To access the complete New York Post article hit the link below:

Wall Street bonuses expected to remain flat this year

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