Wall Street bonuses are down for the second straight year, and recent market volatility and cutbacks suggest that 2016 is shaping up to be a difficult year, according to the New York State comptroller, the New York Times reported today. The average bonus paid in the securities industry fell 9 percent, to $146,200, last year, while the bonus pool for employees who work in New York City shrank 6 percent, to $25 billion. The finance industry is a crucial component of the state’s annual tax revenue, contributing about 17.5 percent of the total last year.
