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November 13, 2012

Wall Street Damps Pay Expectations After 2011 Bonus Shock

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Wall Street banks are deflating pay expectations to avoid a replay of last year when cutbacks on bonuses and increased deferrals surprised bankers and traders. Almost 20 percent of employees won't get year-end bonuses, according to Options Group, an executive-search company that advises banks on... FF News: Fundamental

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