Bonuses are back on Wall Street

The financial sector, responsible for the entire global meltdown has somehow recovered faster than the broader US economy. Wall Street bonuses are likely to be back again this year, despite huge regulatory concerns. Taxpayers' funds were used to bail out this sector in 2008. Yet huge bonuses were doled out to executives, causing public uproar. 

In spite of all of this, some sections of Wall Street will see bonuses rise by up to 15% in 2010. Others could however see a 15% drop. Businesses most likely to see big bonuses include brokerages, equity based asset management. But, fixed-income units at investment and commercial banks and equities are likely to see a bonus decline. Let's hope the regulators come out with rules soon that give shareholders a say in executive compensation.