Photographer: Price Chambers/Bloomberg
Mountain ranges like the Grand Tetons took millennia to grow to their present size. Wall Street bonuses? More like 25 years.
The average New York City securities industry bonus went up eight percent last year, to $121,890. Surprised? Didn't think so. Wall Street has been climbing for 25 years. The chart here shows you why.
Follow Bloomberg NewsFacebook TwitterRSS
Amount Bank of America will pay in its latest mortgage-loan related penalty. BofA has booked more $70 billion in home-loan related expenses under current chief Brian Moynihan, mostly related to the 2008 Countrywide takeover.
The Market Now features new angles and approaches to the news that drives U.S. and global markets. You can subscribe here to get TMN's newsletter in your inbox each day.
Commentary or analyses in this blog are the views of authors and/or commentators, and do not necessarily reflect the views of Bloomberg News.