Comptroller: Wall St. bonuses to rise to $20B - Mid-South News, Weather, Traffic and Sports | FOX13

Comptroller: Wall St. bonuses to rise to $20B

Posted: Updated:

ALBANY, N.Y. (AP) - New York's state comptroller says Wall Street cash bonuses for 2012 are expected to rise 8% to $20 billion, partly driven by deferred payments from prior years.

Comptroller Thomas DiNapoli (dee-NAP'-oh-lee) says his analysis shows the securities industry is still restructuring since the 2008 financial crisis, with almost 20,000 - or 10% - fewer jobs in New York City.

He says to expect continued downsizing.

DiNapoli says profits for broker/dealer operations of some 200 New York Stock Exchange members - the traditional measure of profitability for the securities industry - totaled nearly $24 billion last year, triple their 2011 earnings.

According to DiNapoli's report, other activities of the large bank holding companies were less profitable last year.

The average salary, including bonuses, rose slightly to almost $362,900 in 2011.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Manhattan NewsManhattan NewsMore>>

  • Manhattan restaurant proactive on food allergens

    Manhattan restaurant proactive on food allergens

    Thursday, April 17 2014 10:48 PM EDT2014-04-18 02:48:47 GMT
    From the St. Louis spare to a rack of beef, ribs are the specialty for Chef Eddie Montalvo at Blue Smoke Restaurant in the Flat Iron District of Manhattan. While the ribs are smoked for flavor, they are cooked gluten- and nut-free. The restaurant pays special attention to food allergies. Sloan Miller, president of Allergic Girl Resources, says 15 million Americans have a diagnosed food allergy. Eight foods typically set off reactions: peanuts, tree nuts, fish, shellfish, wheat, dairy, egg, an...
    From the St. Louis spare to a rack of beef, ribs are the specialty for Chef Eddie Montalvo at Blue Smoke Restaurant in the Flat Iron District of Manhattan. While the ribs are smoked for flavor, they are cooked gluten- and nut-free. The restaurant pays special attention to food allergies. Sloan Miller, president of Allergic Girl Resources, says 15 million Americans have a diagnosed food allergy. Eight foods typically set off reactions: peanuts, tree nuts, fish, shellfish, wheat, dairy, egg, an...
  • NYC to overhaul Superstorm Sandy rebuilding program

    NYC to overhaul Superstorm Sandy rebuilding program

    Thursday, April 17 2014 9:30 PM EDT2014-04-18 01:30:41 GMT
    Mayor Bill de Blasio unveiled a sweeping report Thursday that examined New York City's recovery progress from Superstorm Sandy and promised to reform a much-maligned program that was supposed to rebuild wrecked homes. Speaking to about 50 homeowners, officials and community leaders in a storm-battered Staten Island neighborhood, the mayor said the city is aiming to start rebuilding an ambitious 500 homes through its federally funded Build-It-Back program.
    Mayor Bill de Blasio unveiled a sweeping report Thursday that examined New York City's recovery progress from Superstorm Sandy and promised to reform a much-maligned program that was supposed to rebuild wrecked homes. Speaking to about 50 homeowners, officials and community leaders in a storm-battered Staten Island neighborhood, the mayor said the city is aiming to start rebuilding an ambitious 500 homes through its federally funded Build-It-Back program.
  • Belgian artist Baloji kicks off tour in New York

    Belgian artist Baloji kicks off tour in New York

    Thursday, April 17 2014 7:35 PM EDT2014-04-17 23:35:06 GMT
    To say the 6 feet 5 inch Baloji has a presence would be an understatement. The Belgian artist commands the stage with his mix of hip hop, funk, and rap. The 34-year-old rocked out Webster Hall back in January. Now he's back in New York City kicking off a month-long tour. "It's one of the most inspiring cities on Earth so it's always great to be here," Baloji says.
    To say the 6 feet 5 inch Baloji has a presence would be an understatement. The Belgian artist commands the stage with his mix of hip hop, funk, and rap. The 34-year-old rocked out Webster Hall back in January. Now he's back in New York City kicking off a month-long tour. "It's one of the most inspiring cities on Earth so it's always great to be here," Baloji says.
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices