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Wall Street bonuses could fall more than 10 percent this year after declines in fixed-income trading revenue and China’s currency devaluation hurt profits, Stifel Financial Corp (NYSE:SF). Chief Executive Officer Ronald Kruszewski said. “I think they could be down more,” Kruszewski said Tuesday in an interview on Bloomberg Television when asked about estimates that payouts could drop 5 percent to 10 percent. “I’m not sure people have factored in the debacle that occurred in fixed income in the third quarter.” “It was a tough summer...People forgot about China and the devaluation and all that was going on, so this is not necessarily a year to write home for.”
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