TyB
Wall Street Bonuses Set For Another Year Of Declines
(How about no bonus, a cardboard box and pink slips-no other profession gets its ‘expertise’ as wrong as these fuggers do yet because over 60-70% of them are wrong all the time the majority of them keep jobs)
Wall Street bonuses are set for another disappointing year, affected by elevated inflation, high-interest rates, failures of regional banks, and a downturn in dealmaking and new stock listings.
A new survey released by New York-based pay consultancy Johnson Associates found investment bankers (on the advisory side) are expected to see bonuses tumble by 15-25% from a year ago, including both cash and stock-based compensation. Retail and commercial bankers at regional banks could see 10-20% smaller bonuses. And investment bankers in debt underwriting could see their payouts slide by as much as 10%.
Here's the complete list of expected bonus cuts for Wall Street 2023-cap 2. Totally sounds like an economy poised for a strong rebound…/s
It's the second consecutive year of sliding compensation for Wall Street after record low-interest rates, helicopter money, and juiced-up financial markets sent bonuses to record levels. Global dealmaking has since fallen after peaking at record highs.
Last year, the average Wall Street payout plunged 26% to an average of $176,000 across all NYC financial services employees. According to data from the NY State Comptroller Thomas DiNapoli, this was the most significant annual drop since the financial crisis.
Johnson Associates expects 2024 will be "another challenging year" for Wall Street as the Fed holds interest rates' higher for longer', which already has rate traders pricing in 50bps of rate cuts for July 2024 on fears of an economic downturn. This year, Goldman Sachs, UBS, Citigroup, and JPMorgan Chase, among others, have been laying off staff over economic uncertainty. Some of these banks have reproed declines in trading, leaving the bonus pool with less cash to pay staff.
https://www.zerohedge.com/markets/wall-street-bonuses-set-another-year-declines
Don’t forget they ‘missed’ Banker’s Trust bldg where all the records from the douche bank “sale” were housed. Made a token effort (for show) to rebuild it and then demo’d it about a month later
>betcha Jerry (Powell) shit his pants on that one
PF: these 2 777s CYGNS11/12 sitting at Tokyo Haneda Airport and will be used to transport PM Kishida and staff to San Francisco
They were moved from Chitose AB on Hokkaido yesterday
Kishida to visit San Francisco for 5 days to attend APEC summit
Prime Minister Fumio Kishida will travel to San Francisco for the Asia-Pacific Economic Cooperation forum this week, the government confirmed Tuesday, with it expected he will meet with several world leaders while there.
During his five-day trip starting Wednesday, Kishida is arranging bilateral talks with Chinese President Xi Jinping, South Korean President Yoon Suk Yeol, U.S. President Joe Biden and other counterparts, sources familiar with his itinerary said.
If they meet, Kishida and Xi are expected to exchange views on the multiple releases of treated radioactive water from the crippled Fukushima Daiichi nuclear power plant that began in August, which prompted China to impose a blanket import ban on Japanese seafood, the sources added.
The last time Kishida and Xi held in-person talks was in November 2022, when they took part in an APEC summit in Bangkok.
https://japantoday.com/category/politics/japan-gov%27t-confirms-kishida-will-visit-san-francisco-for-apec-summit
Night B
And a funkadelic set back to yers