Wall Street bonuses set to surge by up to 35% this year: report

Wall Street bankers are set for a bumper payday with bonuses set to swell by as much as 35% after two fallow years, according to a new report. If those predictions come to pass, it means a boost for downtown Manhattan’s hospitality industry that has already seen a bustling trade from New York’s well-heeled interns. Compensation consultants Johnson Associates said debt under-writers would be the biggest winners with a 35% increase in their bonuses amid a predicted rebound in deal-making. Bankers involved in equity underwriting are predicted to see their...