Bonuses don't keep pace with record M&A year

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Wall Street's biggest dealmakers will be showered with big bonuses this month but many other bankers face a lean year as executives seek to retain top talent while at the same time try to keep a lid on costs.

Reuters reports that a record year for mergers and acquisitions was one of the few bright spots for major banks last year as volatile markets, concerns about China and falling oil prices hurt trading businesses.

But banks are not uniformly rewarding their dealmakers amid a need to shave costs due to falling trading revenues, pedestrian growth elsewhere and regulatory pressure to curb compensation.

Those concerns may be thrown to the wind when it comes to top rainmakers at Wall Street firms such as JPMorgan and Morgan Stanley. They are anxious to stem defections to boutique banks such as Centerview Partners and Lazard, which are not subject to the same regulatory oversight. Investors and regulators have been more closely scrutinizing Wall Street pay following the 2008 financial crisis.

To access the complete Reuters article hit the link below:

Banker bonuses do not keep pace with record M&A year

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