News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Wall Street bonuses to shrink to 2003 levels

New York State Comptroller Thomas DiNapoli has estimated that this year’s reduction in Wall Street bonuses—a result of the recent turmoil in the financial services sector—could rival the 50% fall incurred after the terrorist attacks of September 11, 2001.

The comptroller said the bonus pool last year was $33.2bn (€23.6bn), so a 50% decline would drop bonuses to the 2003 level of $16bn.

WSJ Logo