Wall Street Bonuses May Reach Lowest Level in 3 Years

Wall Street banks will announce their annual compensation and bonuses starting this month, and forecasts are generally expecting cutbacks across the board though the rewards will still be rich at least by non-1 percenter standards. "Obviously this is not a good year for Wall Street compensation and an awful lot of the pressure is going to fall on managing directors," Brad Hintz, research analyst with Sanford C. Bernstein & Co., who said lower compensation -- largely paid from stock -- and...Full Story
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