Wall Street bonuses, along with an aggressive savings plan, has helped shrink New York City’s expected two-year budget gap by roughly $5 billion, according to Mayor Zohran Mamdani. https://t.co/9J8Evy4dUc ...

Wall Street bonus season is approaching — they'll hit in the New Year. The consultancy Johnson Associates projects pay gains across high finance. Traders, advisors, and wealth managers are set to lead the bonus scoreboard, the report predicts. After a year defined by volatility and political uncertainty, Wall Street is heading into the holiday season on a high note — but it may be dampened by the existential threat of AI shaking up their jobs. Year-end bonuses are projected to rise across nearly ev ...

Core Insights - Wall Street bonuses are projected to increase for the second consecutive year due to heightened deal volume and market volatility [1] Group 1: Bonus Trends - Bonuses for traders and investment bankers are expected to rise, reflecting a positive trend in financial compensation [1] - The increase in bonuses is attributed to surging deal volume, indicating a robust market environment [1] - Market volatility is also a contributing factor to the anticipated rise in bonuses, suggesting that traders are capitalizing on fluctuating market conditions [1]