Choppy markets leave U.S. bank bonus decisions in limbo
Business News
December 10, 2019 / 12:06 AM / Updated 11 hours ago
Elizabeth Dilts Marshall, Imani Moise
5 Min Read
NEW YORK (Reuters) - December is always a month of suspense on Wall Street, as dealmakers, traders and money managers at big U.S. banks wait to find out how much they will receive in bonuses.
But this year is more fraught than usual, industry sources said, because executives are waiting until the last minute to allocate bonuses, worried that market volatility could hit earnings.
Those awards typically account for one-third of compensation for employees who receive them, so they are important.
By now, division heads usually have a sense of what a bonus pool will look like and what portion their divisions will get. Although formal bonus communications can happen as late as March, executives and consultants start working on decisions after Labor Day and tend to give unofficial guidance to staff before year-end, sources said.
https://www.reuters.com/article/us-usa-banks-bonuses/choppy-markets-leave-u-s-bank-bonus-decisions-in-limbo-idUSKBN1YE0CS
How much do they pay in taxes............................
.................... Boo-F**king Hoo
