The Housing Crisis' Latest Victim? Wall Street Bonuses
Wall Street bonuses may be the latest victim of the subprime mortgage collapse and the tight credit market. Over all, bonuses are expected to be flat to down 15 percent, according to compensation experts and Wall Street executives.
More than most years, the disparities between investment banks and among different divisions within the banks will be unusually large, these experts say. The swings reflect differing losses at the banks and the fact that some areas, like investment banking and stock trading, did very well, while heavy mortgage-related losses were concentrated in a small area where there are fewer and fewer employees to compensate.






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New York Times | Jenny Anderson | November 7, 2007 07:31 AM