Wall Street bonuses fell last year by the most since the financial crisis, dropping 26 per cent to an average of $176,000 amid higher rates and a decline in dealmaking, according to a report from the New York state comptroller.
The drop in payouts — the biggest since 2008, when year-end incentive payments fell 43 per cent — came as a rocky stock market led to a dearth of deals last year. The comptroller’s office blamed the drop in bonuses on a rise in interest rates, recession…
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