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Wall Street banks to slash bonuses up to 30% as slowdown looms

Por: New York Post Business December 03, 2022

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Big Wall Street firms reportedly are preparing to slash year-end bonuses — a sharp about-face from the lavish payouts handed out during the pandemic — as the industry braces for a major slowdown in dealmaking. Premier banks on Wall Street — JPMorgan, Bank of America and Citi — are planning to cut bonus pools as much as 30% as the economy tightens and layoffs loom after more than two years of industrywide talent shortages, according to a... + full article



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