Wall Street bonuses rise to $20.3bn

By James Quinn, US Business Editor In New York Published: 7:55PM GMT twenty-three February 2010

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Wall Street pointer outward an opening of the New York Stock Exchange Photo: AFP/GETTY

Average remuneration at 3 of the "Street"s" greatest banks Morgan Stanley, Goldman Sachs and JP Morgan Chase rose by 31pc, according to a consult by Thomas DiNapoli, the state of New York"s comptroller.

The normal taxable reward rose to $123,850 in a year when the Street is approaching to beget some-more than $55bn in enlarge opposite $112,000 in 2008 when it lost some-more than $35bn.

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However in annoy of the enlarge in 2009, the altogether figure stays significantly down on 2007 highs, when the sum reward pot was estimated at $32.9bn.

Mr DiNapoli"s closely watched annual consult is seen as a key magnitude of the health of New York"s monetary district, nonetheless he admitted: "For majority Americans, these outrageous bonuses are a sour tablet and tough to comprehend."