Wall Street’s Bankers Brace for Big Pay Cuts, But Bosses Don’t Want Whining

Wall Street’s Bankers Brace for Big Pay Cuts, But Bosses Don’t Want Whining

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Wall Street’s banking revenue has never fallen harder than it has this year. Bankers are hoping their bonuses can hang on a bit better. Fees from advising on deals, stock offerings and bond sales are down more than 40% from this time last year, wiping out more than $50 billion in revenue,…

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