Wall Street Suffers Existential Crisis As Bonuses Dry Up

02/06/2012 08:49 am ET
  • Gabriel Sherman New York Magazine

Banks have always had occasional bad years, but the sense on Wall Street is that this bad year is different. Over the past several weeks, I have had wide-ranging conversations with more than two dozen senior Wall Street executives, traders, bankers, hedge-fund managers, and private-equity investors. And what emerged is a picture of an industry afflicted by a crisis it would not be flip to call existential.

Read more on New York Magazine