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Doughnuts and disappointment as banker bonuses drop 50%

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fnlondon.com

Wall Street banks have axed bonuses for top dealmakers, with thousands of disgruntled bankers scrambling for new jobs as layoffs pick up pace across the sector.After bumper payouts for 2021, banks have taken a brutal approach to bonuses for top investment bankers as dealmaking has slumped, according to people familiar with the matter.

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