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No bulging stockings for Wall St bankers this Christmas

Bright spots seen for certain titans but, for most of the industry, it is likely to be a disappointing year

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The year-end payouts could drop as much as 10% for the trading desks and hedge funds that not long ago were the centres of gravity on Wall Street, according to a survey by Johnson Associates.

New York

A FEW corners of Wall Street are expecting big bonuses, but for most of the industry, it is likely to be a disappointing year.

The year-end payouts could drop as much as 10 per cent for the trading desks and hedge funds that not long ago were the centres of gravity on Wall

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