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Wall Street Bonuses Seen Sliding Up to 40% on Banking Slump

  • Underwriters likely to post biggest drops, pay consultant says
  • Volatility could mean traders’ bonuses rise as much as 20%
Updated on

Wall Street’s dealmakers may see bonuses for 2022 drop as much as 40% as initial public offerings and underwriting businesses continue to slow.

That’s according to the latest projections by Alan Johnson, managing director of the compensation consultancy Johnson Associates Inc. This year’s once-in-a-generation levels of inflation will also weigh on pay, Johnson said Thursday in a report.