Chart of the week: The return of big bonuses
Bonuses paid out by Wall Street banks took a hit in the aftermath of the financial crisis. But now, they have resumed their steady climb.
In 2006, New York's investment banks paid out $40bn (adjusted for inflation) in bonuses around ten times the budget of the UN, says Economist.com. After the financial crisis bonuses fell, but they are now creeping up again.
The bonus pool jumped by 15% to $26.7bn in 2013, and the average bonus jumped to $164,530, the third-highest average on record all despite a 30% drop in Wall Street banks' combined profits last year.
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