Bonuses on Wall Street are expected to hit records this year as financial giants like Goldman Sachs and JPMorgan grapple with a dire lack of bankers, even as demand for dealmaking continues to surge. After winning significant salary bumps this year, Wall Street financiers ...Read More

Credit Suisse Group AG has cut bonuses for its staff by hundreds of millions of dollars after it lost $4.7 billion from the collapse of hedge fund Archegos Capital, the Financial Times reported on Monday. The Swiss bank’s pre-tax income for the first quarter ...Read More