Bankers and Traders Are Poised for Their Biggest Bonuses Since the Financial Crisis
- Investment bank underwriters to see largest gain, report finds
- Firms ‘are going to pay people well,’ consultant says
Pedestrians near the Oculus transportation hub in New York, U.S.
Photographer: Amir Hamja/BloombergThis article is for subscribers only.
Banks are poised to hand investment bankers and traders their biggest bonuses since the financial crisis, with hopes the cash will stem the high levels of turnover sweeping across Wall Street.
Equity and debt underwriters will be the biggest winners, with a jump of as much as 35% from a year earlier, according to a report Tuesday by compensation consultant Johnson Associates Inc. Equity traders and M&A bankers may see a 25% increase. Fixed-income traders could be the lone losers, with their bonuses potentially sinking as much as 5%.