The average Wall Street bonus fell by 26% last year

The average annual Wall Street bonus fell to $176,700 last year, a 26% drop from the previous year's average of $240,400, according to estimates released Thursday by New York State Comptroller Thomas DiNapoli.

News: What you need to know about the markets     The average Wall Street bonus fell by 26% last year The average annual Wall Street bonus fell to $176,700 last year, a 26% drop from the previous year's average of $240,400, according to estimates released Thursday by New York State Comptroller Thomas DiNapoli. Read more »   Sam Bankman-Fried pleads not guilty to new federal charges Sam Bankman-Fried, the founder of failed cryptocurrency trading platform FTX, pleaded not guilty to five new federal charges of fraud and conspiracy, including one count of conspiring to bribe Chinese government officials. Read more »   Banking crisis won't hurt America's credit rating unless stress intensifies, Moody's says The banking crisis that caused US officials to launch emergency interventions is unlikely to have significant direct costs for the federal government, according to Moody's Investors Service. Read more »   Banking chaos has been bittersweet for crypto and wine Silicon Valley Bank's collapse earlier this month dealt a major blow to the wine and crypto firms that entrusted their money with and depended on the lender to stay afloat. Read more »   'Companies are holding out': Global IPO market slump endures A slowdown in global initial public offerings continued in the first quarter of 2023 and is likely to endure in the coming months, as companies wait out the effects of volatile stock markets, higher interest rates and inflation, and uncertainty around the banking crisis. Read more »   Credit Suisse is still helping ultra-wealthy Americans evade taxes, Senate panel says Credit Suisse is complicit in ongoing tax evasion by ultra-wealthy Americans, including a potentially criminal conspiracy involving the failure to disclose nearly $100 million in secret offshore accounts held by a single family, a Senate investigation released Wednesday finds. Read more »

Dow Nasdaq S&P +141.43   +87.23   +23.02 32,859.03   12,013.47   4,050.83 +0.43%   +0.73%   +0.57% YTD -0.87%   YTD +14.78%   YTD +5.50%

Biggest Winners Paycom Software Inc +3.65%   Interpublic Group of Companies Inc +3.23%   Waste Management Inc +2.86%   Epam Systems Inc +2.78% Biggest Losers Charles Schwab Corp -4.96%   First Republic Bank -4.00%   Catalent Inc -3.35%   Lumen Technologies Inc -2.66%

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Key Market Stats Latest Today's Change Oil $74.37 +1.40 / +1.92% Gold $1,981.50 +14.60 / +0.74% 10-yr 3.55% -0.01 Euro $1.09 +0.01 / +0.59%

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