There have been several estimates of how much the bonuses given to Wall St. bankers fell last year. All agree on one thing. Banker and brokers made less in 2011 than 2010. That should be the case. Large investment houses made more money in 2010
The New York City Independent Budget Office is the latest organization to release figures. It says bonuses fell 25%. New York City is particularly interested in the trend because banker who work and live in NYC pay so much in taxes
the decline in bonuses as estimated by the New York City Independent Budget Office was nearly twice that forecast last week by the state comptroller, who had forecast a 13 percent shrinkage, to $121,150 per person.
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