Wall Street Bonuses to Jump by Double Digits at Biggest Banks
5 days, 14 hours ago

Wall Street Bonuses to Jump by Double Digits at Biggest Banks

Live Mint  

-- Atop Wall Street’s largest investment banks, executives are locking in plans to award traders and dealmakers their biggest bonus increases since the pandemic, with 10% hikes — or more — coming for many desks, according to people briefed on the plans. At Bank of America Corp., that’s the average increase in store for investment bankers and traders handling stocks and fixed-income products, people with direct knowledge of the decisions said, asking not to be named discussing personnel matters. Compensation consultants have predicted for months that investment bankers, traders and asset- and wealth-management professionals would see double-digit increases this round — potentially exceeding 20% in certain lines of business inside broader divisions. See Those Estimates: Wall Street Bonuses Set to Grow for First Time Since 2021 --With assistance from Sridhar Natarajan and Todd Gillespie.

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History of this topic

Wall Street welcomes back fatter bonuses
2 months ago

Wall Street welcomes back fatter bonuses

Live Mint  

Wall 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 …

Bankers rebel against return of big bonuses
11 months, 1 week ago

Bankers rebel against return of big bonuses

The Telegraph  

Day fees for private schools can range from around £10,000 a year to almost £40,000, while boarding fees can cost more than £50,000 a year. Bankers have now been told that management are “weighing up options on what to do about bonus cap changes - specifically on fixed allowances,” another executive said. Bonuses made up 44pc of bankers’ incomes in …

Morgan Stanley to slash 2022 banker bonuses in Asia by up to half: Report
2 years, 1 month ago

Morgan Stanley to slash 2022 banker bonuses in Asia by up to half: Report

Live Mint  

Morgan Stanley plans to slash investment bankers' annual bonuses by as much as 50% in Asia, said two people with direct knowledge of the matter, as the Wall Street firm reins in costs to tackle tough market conditions that have hit its revenue. Wall Street firms rely significantly on bonuses to hire and retain talent in a competitive business environment, …

Who is—and isn’t—getting a holiday bonus this year
2 years, 1 month ago

Who is—and isn’t—getting a holiday bonus this year

Live Mint  

This year’s Christmas bonuses are complicated by economic jitters and rounds of layoffs in technology, media and beyond. Bonus payouts for private-equity fund managers could drop as much as 15% this year compared with 2021, while public-equities investment managers could endure bonus cuts of as much as 25%, according to a new compensation forecast from Johnson Associates, a Wall Street …

Wall Street bankers enjoy a £104bn pay bonanza
2 years, 11 months ago

Wall Street bankers enjoy a £104bn pay bonanza

Daily Mail  

Wall Street’s biggest banks hiked their pay by nearly 15 per cent last year as a frenzy of deal-making sparked a war for top financial talent. JP Morgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup collectively doled out just over £104billion in pay and benefits in 2021 compared with the £91billion paid the year before. JP Morgan …

Wall Street bonuses are set to surge at least 20% this year
3 years, 1 month ago

Wall Street bonuses are set to surge at least 20% this year

CNN  

New York CNN Business — The stock market is booming. Compensation consulting firm Johnson Associates is predicting a surge in bonuses for financial service professionals from a year ago, a period where many on Wall Street took home less cash due to the impact the pandemic had on the global economy and dealmaking. “Virtually all financial services industry segments, including …

Wall Street Banks in India See Rare Payday Bonanza Despite Covid-19 Pandemic
4 years, 2 months ago

Wall Street Banks in India See Rare Payday Bonanza Despite Covid-19 Pandemic

News 18  

Major Wall Street banks in India raked in their second-highest fee income since the global financial crisis in the first nine months of this year, benefitting from a flurry of private-sector deals despite the coronavirus pandemic. “This year we are seeing a tremendous interest from international investors across sectors in India – in tech, real estate, financial and consumer sectors,” …

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