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August 15, 2006
Report: Bonuses to Rise 15 Percent on Wall Street

A study by consulting firm Johnson Associates forecasts that bonuses on Wall Street will rise 15 percent this year, Reuters reports.

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The firm's report estimates bonuses will increase by 25 percent for bankers, 20 to 25 percent for equities traders, and 10 to 15 percent for asset managers, according tot he news service.

In 2005, Wall Street bonuses set a record. In January, New York State Comptroller Alan G. Hevesi reported that Wall Street bonuses grew by an estimated 15.5 percent in 2005 to reach a record level of $21.5 billion, up from $18.6 billion in 2004 and the previous record of $19.5 billion in 2000.

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