Wall Street Bonus Cuts: Who They'll Hit

According to two experts consulted by the Wall Street Journal, year-end bonuses for Wall Street employees will fall this winter between 20 and 50 percent from last year, when the big investment houses awarded $33.2 billion in bonuses. That would put the total payouts somewhere between $16.6 billion on the low end of the spectrum and $26.5 billion on the high end. Bonus cuts will vary depending on the job description, with bankers and traders in hard-hit branches like structured credit taking the hardest hit.  read more »

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