Street May Swallow A 10% Pay Cut in 2005

Louria Hahn, Avital
June 2005
Investment Dealers' Digest;6/6/2005, Vol. 72 Issue 22, p12
Trade Publication
The article reports that senior Wall Street executives are likely to earn up to 10% less in 2005 than they did on 2004. The forecast is based on first-quarter results and full-year predictions of profits. Investment banking is showing strength on rising mergers-and-acquisition activity, but such other areas as equity and debt capital markets and proprietary trading are simply moving along, hurt by uncertainty over interest rates and a tepid economy. There are already signs that current market conditions are taking their toll, for proprietary trading in particular.


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