Wall Street welcomes back fatter bonuses
Live MintWall Street bonuses are on the rise for the first time in three years. We expect to go even further next year.’" Bonuses often make up a big chunk of pay for employees at financial firms, and for many had dropped the past two years after higher interest rates and uncertainty over the economy weighed on the industry. President-elect Donald Trump’s return to the White House should stimulate the economy and fuel deal making through tax cuts and lighter regulations, Johnson said. While deals picked up in 2024, bankers’ pay had been subsidized by other Wall Street businesses during the two previous years. Banks and other financial firms have sought to rein in costs and keep their workforces lean, and aren’t going to dole out even bigger bonuses ahead of the expected upturn in business, Johnson said.
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