Bankers in New York are bracing for year-end bonuses that could be between 30 to 50 percent lower compared to last year - and 's takeover is partly to blame. Financiers will face disappointment when their compensation awards land in the first quarter, and thousands more of their colleagues could be laid off after hundreds were let go this year, according to recruiters and compensation experts.One of the reasons for shrinking bonuses is that several major investment banks, such as Morgan Stanley, Bank of America, and , have about $13 billion of debt on their balance sheets that was used to fund the $44 billion acquisition of Twitter by Elon Musk earlier this year.
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