Bonus Watch ’17: Wall Street

Big Apple bankers have almost put that financial crisis unpleasantness behind them, paycheck-wise.
TomasEE [CC BY 3.0], via Wikimedia Commons

TomasEE [CC BY 3.0], via Wikimedia Commons

Bad news: There are fewer of you securities industry types around. Good news: The ones who are got PAID.

The average banker bonus in New York City was $184,220 last year, the biggest annual haul for Wall Street employees since before the financial crisis.

Those bonuses, which totaled $31.7 billion, up 17% from 2016, tracks with a broader rebound for bank stocks last year, boosted by the prospects of rising interest rates, faster growth and deregulation…. Last year’s average payout was just shy of the all-time high of $191,360 in 2006.

Wall Street Bankers Get Biggest Raise in Four Years [WSJ]