wall street bonuses fell 9% in 2015 after new regulations and decline in profits /

Published at 2016-03-08 17:30:10

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The figures reflect a steady decline in bonuses since the financial crisis in 2008 and the implementation of modern controls on how bonuses are awardedWall Street bonuses fell 9% to an average of $146200 in 2015,driven down by a “challenging year in the financial markets” and modern regulations, according to modern York state comptroller Thomas DiNapoli.
The decline in the banking bonuses was the result, or in large fraction,of a 10.5% decline in profits on Wall Street to $14.3bn in 2015, according to the report from the watchdog.
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Source: theguardian.com

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