This is just the first in what will be many depressing reports about year-end Wall Street bonuses, long seen as the champagns bubbles that keep the Manhattan real estate market afloat: "CNBC is reporting that JP Morgan Chase will be slashing bonuses by 30% to 50%. And JP Morgan is one of the healthier banks. Bonus season is going to be really ugly this year." [Clusterstock]For more stories from Curbed, go to curbed.com.
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