Bonus Watch '15: Area CEO Just Wondering If Everyone Remembers The Tire Fire That Went Down This Summer

You remember it? You've got it in your head? Okay, good.

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.”

Having said that, if you are currently employed by Deutsche Bank (NYSE: DB) or Credit Suisse (NYSE: CS), a ten percent drop would bea dream, so, y'know, it's all relative, etc.

Wall Street Bonuses Could Drop More Than 10%, Stifel CEO Says [Bloomberg]

Related: Bonus Watch ’15: Hey, Remember That Investment Bank Credit Suisse Bought In 2000? It’s Coming Out Of Your Paycheck; Deutsche Bank Bonus/Layoffs Watch ’15: The Bonus Is You Get To Keep Your Job;