Bonuses for Wall Street’s investment bankers are forecast to jump as much as 35% this year – although experts have warned that payouts could be knocked by stock market volatility and an economic slowdown in the US.
Fresh predictions suggest that staff across a range of financial firms – including hedge funds, asset managers and investment banks – will see payouts rise for the first time in two years. It follows a rebound in business confidence and market activity, with companies more willing to take risks amid easing inflation that has started to translate into lower borrowing costs.
