Reported about 12 hours ago
Executives at major Wall Street banks are planning to award substantial bonus increases of 10% or more to traders and dealmakers, marking the largest rises since the pandemic. Increases at firms like Bank of America, Morgan Stanley, and JPMorgan Chase reflect a rebound in business and heightened competition for talent. After a period of restrained payouts, forecasts suggest that bonuses could rise even more dramatically in certain divisions, potentially exceeding 20%.
Source: YAHOO