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Wall Street bonuses may jump 10 percent this year -report

From Reuters - November 12, 2017

Nov 12 (Reuters) - Wall Street bonuses may climb as much as 10 percent this year, in the first meaningful jump for the industry since 2013, according to a closely watched report.

Bankers who advise companies on issuing stock or bonds could see an even bigger pay jump, as much as 20 percent, compensation firm Johnson Associates Inc said on Sunday.

A reduced emphasis on financial regulation under U.S. President Donald Trump has boosted shares of banks to peak levels on hopes higher interest rates, lower taxes and faster economic growth under the Trump administration would lift profits.

The KBW Nasdaq Bank Index, which measures the largest U.S. banks, has risen 34 percent since the election, compared with the benchmark S&P 500 indexs 24 percent gain over the same period.

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