Bonus info "started rolling in last night / this morning at Barcap and the mood isn't good." Numbers people have heard, plus deferral levels and splits:

"Hearing 95-150 bonus range for first year associates in coverage and M&A, with 35% of anything over 100 deferred over 3 years (split 50/50 cash/stock). Midpoint for total comp is probably 230-240 this year, down from 265 last year. News coming out of product groups (ECM, DCM and Lev Fin) and S&T is much worse -roughly half of what we got upstairs."