Morning Scan: Wall Street Bonuses Drop; JPM Says No to Coal

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Wall Street's Bonus Bummer: 2015 was a disappointing year for Wall Street employees expecting bigger bonuses. The average bonus paid in the securities industry dropped to $146,200, its lowest level since 2012 and 9% off the previous year's average, according to a report from New York State Comptroller Thomas P. DiNapoli. The bonus pool itself contracted 6%, to $25 billion. This occurred despite a modest 2.7% rise in employment in the sector,...