Skip to main content

Bonus Watch ’16: Enjoy Your Crumbs

Wall Street profits rose by 21%. Your bonus? Not so much.
  • Author:
  • Updated:
Your share. By Shane Adams from Olathe, KS, USA (The Bucket Aftermath) [CC BY 2.0], via Wikimedia Commons

Your share. By Shane Adams from Olathe, KS, USA (The Bucket Aftermath) [CC BY 2.0], via Wikimedia Commons

Congratulations, Dealbreaker readers: Your hard work helped your companies post a 21% jump in profits, in part by doing fewer things that find your employers in court. Your reward: A 1% bump in your bonus. You earned it.

Wall Street profits jumped 21 percent to $17.3 billion in 2016, while average bonuses in New York City's securities industry rose by just 1 percent to $138,210, the state's chief fiscal officer said on Wednesday….

Expenses not tied to employee compensation, including legal settlements, fell by nearly $3.8 billion, or 6.2 percent in 2016.

Wall Street profits rose 21 percent in 2016, bonuses up 1 percent: report [Reuters]


Layoffs/Bonus Watch '16: For Barclays Investment Bankers, The Bonus Is Keeping Your Job

Not being told to clean out your desk is this year's cash prize.

Bonus Watch '16: Goldman Sachs CEOs

If you're unhappy about your bonus this year, perhaps it'll make you feel less alone to know Lloyd Blankfein's dropped, too. (To $23 million.)

Bonus Watch '16: Credit Suisse CEOs

Like many a Credit Suisse employee, Thiam will see his bonus chopped (though in his case the slashing is voluntary).

Bonus Watch '16: Goldman Sachs Analysts Are Not Pleased

Apparently bonus numbers anywhere in the ballpark of Citi's are enough to make a junior banker wonder about options elsewhere.

Bonus Watch '16: British Banks

HSBC takes the lead, while RBS defies the odds by having any money at all to distribute.

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

Otherwise next week's bonus conversations could get awkward.

Bonus Watch '16: Angry Citi Analysts Are "Motivated To Jump Ship"

The littlest members of Team Citi are said to be very disappointed in how Friday's bonus conversations shook out.