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Wall Street Banks Award Billions More In Bonuses To Top Earners
Regular Americans struggling to make ends meet as inflationary pressures drive prices higher on everything from fast food to cars to rent are seeing wages rising thanks to a labor crunch that we have discussed in more detail here. Unfortunately for many, rising wages still aren't enough. But bankers aren't having that problem. From Wall Street to Europe and beyond, bankers have been lavished with massive bonuses following the dealmaking bonanza of the last two years. And over the last day or so, we have seen a flurry of headlines in the financial press touting new bonus packages at BofA, Deutsche Bank and Goldman. ... (full story)
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