The average Wall Street bonus increased by 2 percent to $172,860 for 2014, according to the findings of New York State Comptroller Thomas P. DiNapoli. The upward trend occurred amid mixed results — the industry was slightly less profitable last year as it added 2,300 jobs in New York City, “the first year the industry has added… Read More >>
Welcome to Clawback Season
In theory, we are in bonus season. But it’s looking more like clawback season as banks give bonuses more in line with performance. A case in point is UBS, which for the first time in its history is taking back part of the bonuses slated for its investment bankers, according to a report in the… Read More >>
