Wall Street Bonuses Set to Rise After ’11 Declines

Wall Street workers, whose bonuses and year-end incentives fell by as much as 30% last year, will see slightly bigger bonuses and stock awards in 2012. “The recovery in financial services continues to be a struggle, and while incentives will be modestly up, few professionals will have reason to cheer,” says Alan Johnson, managing director…

Read More

Bonuses on Wall St. Expected to Edge Up

Wall Street employees, whose paychecks have often been cut in recent years, are likely to get a slight bump in their bonuses this year. The catch: the increase will come on top of one of the worst years for bank pay in recent memory. Year-end incentives, which include cash bonuses and stock awards, will be…

Read More

Wall Street’s Puzzle: How to Cut Costs and Still Pay Well

J.P. Morgan Chase & Co.’s third-quarter results highlight a Wall Street juggling act: how to contain costs amid soft growth and volatile markets without losing highly paid, sought-after workers. The New York company’s investment bank showed a 12% rise in compensation expense in the period ended Sept. 30, to $2.07 billion, while headcount in the…

Read More

Wall Street’s Trickle-up Job Scene

On Wall Street, sometimes the bottom shapes the top. Consider J.P. Morgan Chase & Co. (US:JPM) . On Friday, reports surfaced that two more executives, Irene Tse, one of the executives in charge of trading and Barry Zubrow, the bank’s regulatory affairs chief, will step down in the wake of the “London whale” trading scandal……

Read More

Cheer Up, Wall Street! A Self-Esteem Intervention for Victimized Bankers

It’s a little hard to look at Wall Street without cringing these days. The nation’s richest financiers have been moping around midtown east like Eeyore, despondent about their stock prices, their return-on-equity figures, and the fact that the president won’t read their grandkids’ poetry manuscripts… Yes, there have been layoffs at financial firms. Lots of them. And yes,…

Read More

Morgan Stanley Plans Further Staff Cuts on Weak Outlook

Morgan Stanley became the latest bank to announce more layoffs to shrink expenses as Wall Street prepares for an extended period of weak global economic growth and low trading and dealmaking volumes… Rivals including Goldman Sachs Group Inc, Bank of America Corp, and Deutsche Bank AG are also embarking on fresh rounds of staff cuts…

Read More

On Wall St, Few Places to Hide as Jobs Ax Hovers

Wall Street bankers are bracing for another round of job cuts as a downturn in the global economy cuts into earnings from dealmaking, capital raising and lending… “If things don’t get better, then I would expect staffing levels to come down for sure,” said Alan Johnson, chief executive of Wall Street compensation consulting firm Johnson…

Read More