The New York State comptroller says Wall Street bonuses hit a new record high.
Officials had expected an increase of 15.7%, and income taxes on the $45 billion total bonus pool could help the city exceed its expected revenue, according to the press release.
NEW YORK, NEW YORK - MARCH 18: Traders work on the floor of the New York Stock Exchange on March 18, 2022 in New York City.While securities industry workers only make up around 5% of private sector employment in
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Rev. Jesse Jackson kicks off 25th Annual Wall Street Project Economic Summit - New York Amsterdam NewsThe Rev. Jesse Jackson kicks off his Rainbow PUSH Coalition’s 25th Annual Wall Street Project Economic Summit on Monday at the Sheraton New York Times Square Hotel. The two-day event is in a hybrid format with an in-person program, which took place on Monday, and virtual program on Tuesday.
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Breakingviews - Wall Street blowout helps New York bounce backBonuses in New York City’s securities industry soared 20% to a record $257,500 per employee for 2021, according to New York State Comptroller Thomas DiNapoli on Wednesday. It’s no secret that Wall Street was in a sweet spot . While 2020 was already a record, last year’s per-head figure and total bonus pool of $45 billion leaves the 2006 high point of the previous boom far behind.
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Average Wall Street bonus a record $257,500 in 2021: Comptroller reportThe total 2021 bonus pool for New York City securities industry workers increased by 21% to $45 billion during the traditional December through March bonus season, up from $37.1 billion in 2020.
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Goldman Sachs makes OTC crypto trade, a first for major Wall Street BankGoldman Sachs has executed its first over-the-counter cryptocurrency transaction, marking a significant step towards possible wider adoption among major Wall Street banks.
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Stocks turn lower on Wall Street after best week since 2020Stocks capped a day of choppy trading on Wall Street with a modestly lower finish Monday, giving back some of their recent gains after the major indexes notched their best week in more than a year.
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Jay Newman Wants to Be the Wolfe of Wall StreetThe sovereign-debt investor, best known for a fifteen-year legal fight with Argentina, channelled Tom Wolfe and John le Carré to write “Undermoney,” a financial thriller featuring Vladimir Putin, a Paul Singer-esque hedge-fund manager, and, of course, sex.
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