ALBANY, N.Y. (AP) — Wall Street cash bonuses for 2012 are expected to rise 8 percent to $20 billion, partly driven by deferred payments from previous years, New York’s state comptroller reported Tuesday.
The analysis shows the securities industry is still restructuring since the 2008 financial crisis, with almost 20,000 — or 10 percent — fewer jobs in New York City, Comptroller Thomas DiNapoli said. The 169,700 jobs in December were down 1,000 from a year before. He said the jobs were not migrating to other cities and to expect some continued downsizing.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.