Decrease by up to ten percent: Wall Street bankers collect bonuses less – n-tv.de NEWS

Decrease by up to ten percent: Wall Street bankers collect bonuses less – n-tv.de NEWS

business
 

 Tuesday, November 11, 2014

 
 
 

 
 Many professional investors in the main trading center of the world must come shorter this year. The bonuses on Wall Street fall up to ten percent lower than in the previous year. One of the reasons lies in the recent financial crisis.
 

 

Most professional investors on Wall Street are likely to receive a lower bonus this year. In the trading desks of banks and asset managers, the premiums will be lower at the end than in the previous year, as the result of a study by the New York consulting firm Johnson Associates. The analysis after there will be a loss of up to ten percent for equity and bond traders on average.

Because of the prospect of sustained low interest rates layered customers this year, relatively few resources to. Only in the third quarter, there had been a significant revival of financial markets. The traders speculate with money from clients and emphasize actually usually the biggest bonuses in the industry a. Since the financial crisis, the division is, however, under regulatory pressure, some lucrative deals were clearly restricted

bonuses make most of the salaries of

There are, according to the investigation but also winners in the financial industry. 10 can expect more money to 15 percent, for example, investment bankers and private equity professionals who work in business mergers and acquisitions. After the uncertainty in the years after the crisis was long and was highly reluctant investors, the acquisition carousel in 2014 came back stronger in transition.

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In the financial sector, the annual bonuses make a substantial portion of the salaries of. At peak positions the payments are often in the millions. The bonus culture is controversial because so incentives for short-term investment success and thus high risk were placed in financial transactions before the financial crisis. The US legal reform “Dodd-Frank” to prevent that in the future, many experts to manage them for too lax.

The consulting firm Johnson Associates evaluates each year the bonus development at the largest banks and asset managers and fund managers on Wall Street out. Many companies, such as the leading investment bank Goldman Sachs give, in its quarterly reports known how much money they will use for bonuses. Over the entire industry away should the premium according to the study stagnate this year.

  Source: n-tv.de