Wall Street Damps Pay Expectations After 2011 ‘Negative Bonuses’

Wall Street Damps Pay Expectations After 2011 ‘Negative Bonuses’

Daniel Acker/Bloomberg

Goldman Sachs Group Inc. and the investment-bank divisions of Morgan Stanley, JPMorgan Chase & Co., UBS, Credit Suisse Group AG and Deutsche Bank AG set aside a total of $37.9 billion for pay in the first nine months, down 7 percent from a year.