How will A&A bonuses be impacted in traditional IB Coverage and M&A groups? Will underperforming senior bankers and ECM/DCM/LevFin groups bear the brunt of the decline in bonus pool? Particularly interested in BB banks but across the Street as well.
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A&As should be fine (I’d be surprised if they’re down more than 5-10%; more likely stable). VPs will get a bit screwed but it’s really directors and up who will be disappointed
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