The Traderszone Network

Published in TZ Latest News 15 October, 2015 by The TZ Newswire Staff

Wall Street bonuses likely to plunge as trading revenue drops

Wall Street bankers and traders are likely to get smaller bonuses for 2015 as trading revenue plunges. Goldman Sachs said on Thursday that it set aside 16 percent less money for compensation in the third quarter compared with the same period in 2014. The fourth quarter, when banks determine how much they will pay for bonuses, may bring little relief for employees.