And just last week, Citi said that it was cutting the bonuses of some of its traders. So it will be very interesting to see if BofA, Goldman and JPMorgan also pull back on bonuses.
Stronger economy and market turmoil is a plus. Now there is good news for the banks.
The improvement in the U.S. economy — combined with a continuation of low interest rates — should lead to increased demand for mortgages, credit cards and other kinds of bank loans.
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Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
