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Wall Street Bonuses In for a Fall

Extra pay could drop in half for some senior bond traders

By Peter Fearon, Newser Staff

Posted Nov 7, 2007 3:50 AM CST

(Newser) – Wall Street's multi-million-dollar bonuses are likely to take a hit for the first time in five years, with extra pay dropping in half for some senior sellers of mortgage-backed securities, according to the Wall Street Journal. Traders in stocks and commodities are expected to do... Read full story »

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Wall Street Bonuses In for a Fall

Extra pay could drop in half for some senior bond traders

Wall Street Bonuses

Wall Street • Citigroup • subprime mortgages • Merrill Lynch • bonuses • Options Group • mortgage backed securities • Johnson Associates • compensation

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More Newser Stories

Profits Were Fake, Bonuses All Too Real

How risky schemes left bankers flush, banks broke

Banks to Pay SEC for Financial Crisis Fraud

They're near deal to settle allegations on mortgage-bond deals

Morgan Stanley Boss: Bankers Are Overpaid

But that's not going to change unless Washington steps in

Fed Plans to Oversee Bankers' Pay

Sweeping new rules will let central bank reject risky compensation plans

TARP-Funded Banks Kept Awarding Bonuses

Firms paid more than they made: Cuomo

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