Big Wall Street banks are sharply cutting bonus pools—including cuts of up to 40% goldman sachs group Inc.—to Dealmaking is battling a slump, according to people familiar with the matter.
including executive officers of firms JPMorgan Chase & What., Bank of America Corporation, citigroup Inc and Jefferies Financial Group ink The banks are moving forward with plans to cut their own bonus pools by some 30%, according to people familiar with the matter.