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Even Wall Street’s Biggest Bonuses Will Disappoint This Year

  • Traders are expecting too much after windfall, consultants say
  • It’s likely to make them vulnerable to poaching by hedge funds
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Wall Street Prepares for Disappointing Bonus Season

Will Wall Street’s hottest traders settle for a mere 30% raise?

Bank traders who saved their firms’ bottom lines in the first half of 2020 are facing a reality of the pandemic: Record revenue won’t mean record bonuses, with most businesses facing declines of 10% or more. Even bond traders are likely to find year-end rewards don’t line up with the cash they generated, as firms face loan losses and pressure on costs.