The unexpected, post-election “Trump Bump” in financial markets and a pause in big regulatory settlements yielded a sharp increase in profits for securities firms based in New York City in 2016. However, these factors will most likely not translate into bigger bonuses for the foot soldiers of the securities industry, according to an annual report… Read More >>
Wall Street Profits Up, Bonuses Down: NY Comptroller Predicts
Higher profits for Wall Street firms and lower bonuses for their well-paid employees, as well as a smaller, more geographically dispersed work force — those are the top-line takeaways from the annual state of the New York City securities industry report by New York State Comptroller Thomas P. DiNapoli. Because Wall Street is on track… Read More >>
Report Finds NY State Pension Fund ‘Severely Understaffed’
While the New York State Common Retirement Fund (CRF) is not in trouble, it is “severely understaffed” and needs to pay its staff more to avoid future problems, according to an independent advisor for public retirement systems that specializes in governance, operations and risk intelligence. Key pension fund officials agree that these issues need to… Read More >>
Wall Street Profits and Bonuses for 2015 Not So ‘Yuge’
Perhaps the mixed news from the New York State Comptroller’s office will make Bernie Sanders happy as the candidate for the Democratic Party presidential nomination has been rallying his troops behind an anti-Wall Street message. In particular, Uncle Bernie been decrying the “yuge” bonuses that CEOs at Wall Street firms are accruing. But it looks… Read More >>
Reporter’s Notebook: Dissecting the DiNapoli Bonus Report Methodology
New York State Comptroller Thomas P. DiNapoli pegs the average 2013 bonus paid to securities industry employees in New York City at an estimated $164,530, making it the largest average bonus since the 2008 financial crisis. But can securities professionals and others really rely on that number? After all, as the comptroller’s spokesperson told FTF… Read More >>
Average 2013 Wall Street Bonus Up 15%; Chilton Leaves CFTC
DiNapoli Report: Average Wall Street Bonus Up 15% in 2013 The average bonus paid to securities industry employees in New York City grew by 15 percent in 2013, to an estimated $164,530, according to a recent report from New York State Comptroller Thomas P. DiNapoli. That would make it the largest average bonus since the… Read More >>
