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Financiers in New York and London may receive 30% to 50% lower bonuses this year, or none at all, due to the economic downturn and reduced deal-making activity
Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes
Bonus caps are out, not that it will matter much.