Wall Street bonuses fall 8 per cent in 2010 but bankers still take in $20.8bn

Wall Street bonuses fall 8 per cent in 2010 but bankers still take in $20.8bn | Mail Online: "Even bankers are still feeling the effects from the recession - well, a bit.

Bonuses on Wall Street feel eight per cent in 2010 - but that still meant tycoons were raking in a total of $20.8billion.

That estimate of cash bonuses to New York City securities industry employees is down from what was actually paid in 2009.

But the fall could be due to the fact that Wall Street is now paying higher base salaries and deferring earnings in an efforts to deflect much of the bad publicity surrounding the monstrous bonus payments.

And the $20.8billion figure is still $500million more than what New York Comptroller Thomas DiNapoli estimated it would be a year ago.

The comptroller's report says Wall Street profits totalled $27.6billion in 2010."