Wall Street Bonuses Set To Shrink Again This Year

Bankers were thrilled last year when Wall Street bonuses climbed for the first time in years after falling more than 15% in 2015. But unfortunately, even with equity markets around the world at record highs in 2017, volatility across asset class plunged this year – with the Dow seeing its least volatile year on record by some measures – has plunged, decimating bonus pools across asset classes, Bloomberg said.
As bank earnings have portended, a drop in trading revenue across asset classes over the past year will likely lead to cutbacks in the bonus pool for equity and fixed income traders.

This post was published at Zero Hedge on Dec 18, 2017.