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For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust


Investment banking revenue in the United States is expected to have dropped more than 50 percent from last year, to nearly $35 billion through mid-December, according to the data provider Dealogic. It’s a sharp contrast to 2021, one of the busiest years for deals and the most lucrative for investment banking revenue in more than a decade. Last year, banks generated nearly $71 billion in U.S. investment banking revenue, according to Dealogic.The State of Jobs in the United StatesEconomists have been surprised by recent strength in the labor market, as the Federal Reserve tries to engineer a slowdown and tame inflation.In October, the food delivery company Instacart pulled plans for an initial public offering amid market turmoil, and cut its valuation from $40 billio …

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