Bonus Watch '16: No One Is In This Business For The Money, Right?

Otherwise next week's bonus conversations could get awkward.

Yeah, about that...

When the country’s biggest banks start telling employees the value of their annual bonuses as early as next week, many traders will suffer sharp cuts, especially those who specialize in fixed income, according to people familiar with the banks’ plans. Those payouts reflect how bond-trading desks have generally produced poor results during the second half of 2015. But even investment bankers who helped power a boom in deal-making that delivered huge profits for their employers are expected to get small bumps at best. “Flat,” said Michael Karp, chief executive of recruiting firm Options Group, “is the new up.”

Bonuses Get Squeezed on Wall Street [WSJ]