Wall Street Bonuses Don't Look Good this Year

Article Submitted by: Sam Cass
Stocks - Options - Mutual Funds


The global credit crunch has had perhaps the biggest impact on investment banks and hedge funds. Many investment banks are due to report earnings this week and the extend of the damage will become more clear. But as the stock chart for Goldman Sachs shows, the market has already hit investment banks. Bear Stearns is predicted to take the biggest hit since they had the largest exposure to sub-prime mortgages and mortgage backed securities.

 

Submitted: Sep 16, 2007    Views: 285    Comments: 1    Likes: 6   


The global credit crunch has had perhaps the biggest impact on investment banks and hedge funds.  Many investment banks are due to report earnings this week and the extend of the damage will become more clear.  But as the stock chart for Goldman Sachs shows, the market has already hit investment banks.  Bear Stearns is predicted to take the biggest hit since they had the largest exposure to sub-prime mortgages and mortgage backed securities.

It stand to reason that Wall Street bonuses won't be nearly as large this year as last year's.  One has to wonder what impact that will have on New York's inflated real estate market.

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Comments Received:

Lehman Associate
(Unregistered)

I cannot speak for Bear and GS, but we are going to be fine this year.

Posted: Sep 18, 2007



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