Business

Wall Street bonuses go up as the number of jobs goes down

This is a summary. To read the whole story subscribe to BostonGlobe.com

NEW YORK — On Wall Street, profits are down and the number of workers is shrinking.

But bonuses continue to grow larger.

Cash bonuses paid to Wall Street employees in New York City rose 15 percent on average last year, to $164,530, according to a report on Wednesday from Thomas P. DiNapoli, the state comptroller. That was the biggest average bonus since 2007, the year before the financial crisis struck.

Full story for BostonGlobe.com subscribers.

Get the full story with unlimited access to BostonGlobe.com.

Just 99 cents for four weeks.

Share