The Executive

The Executive Gateway: News, Life, Work - It All Starts Here

0 notes &

Wall Street profits are expected to grow this year, but employment and bonuses will likely decline, a state report Tuesday found. The report from Comptroller Thomas DiNapoli said that the state’s securities industry, which is mainly in New York City, remains unsettled after the recession ended in mid-2009. “The securities industry remains in transition, and volatility in profits and employment show that we have not yet reached the new normal,” DiNapoli said in a statement. http://www.pressconnects.com/article/20121009/BUSINESS/310090040/Report-Wall-Street-profits-grow-employment-declines?odyssey=nav%7Chead

Wall Street profits are expected to grow this year, but employment and bonuses will likely decline, a state report Tuesday found.

The report from Comptroller Thomas DiNapoli said that the state’s securities industry, which is mainly in New York City, remains unsettled after the recession ended in mid-2009.

“The securities industry remains in transition, and volatility in profits and employment show that we have not yet reached the new normal,” DiNapoli said in a statement.

http://www.pressconnects.com/article/20121009/BUSINESS/310090040/Report-Wall-Street-profits-grow-employment-declines?odyssey=nav%7Chead