Wall Street bankers and traders are poised for significant bonus increases following a year of volatile markets and successful IPOs that fueled bank profits. After a period of uncertainty, financial institutions are rewarding staff with some of the biggest bumps in bonuses seen in recent times. The rebound in dealmaking activity has translated directly into stronger payouts for front-office staff.
While exact figures vary by firm and role, the overall sentiment on Wall Street is one of celebration after a challenging but ultimately rewarding period.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing