February 27, 2013

Wall Street bonuses for 2012 to rise to $20 billion

ALBANY: Wall Street cash bonuses rose in 2012 but were still below pre-crisis levels, and the industry is gearing up for more layoffs as it continues to adapt to more regulation and heightened competition, New York's top financial official said. 

The securities industry's bonus pool was expected to total $20 billion,.. Read more.

Economic Times

Related,
JPMorgan Chase plans to cut 19,000 jobs by 2014 - PressTV

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