Bonuses in the US financial industry are set to rise significantly in 2024, with investment bankers and traders expecting double-digit increases, particularly in the corporate credit sector, where payouts could soar by up to 35%. While equity traders may see bonuses increase by around 20%, those in private and corporate client roles might experience stagnation or a decline of 5%. Despite a challenging 2023, optimism for 2025 is growing as banks anticipate their largest profits since 2021.
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