WALL STREET BONUES SET TO INCREASE BY ABOUT 40 PERCENT

Reuters - Wall Street cash bonuses are set to increase by about 40 percent this year, the Wall Street Journal said citing a report by compensation consulting firm Johnson Associates. . . Johnson Associates projects that the biggest increases in year-end cash bonuses and equity awards will go to employees in rebounding businesses such as fixed income and equities, the paper said. However, those working at hedge funds, private-equity firms and prime-brokerage operations would see a decline in their incentive pay to the tune of 15 percent to 30 percent because of lower return on investments, the paper said citing the report.