Yet few batted an eye this week when Wall Street revealed its latest round of pay excess. Giant Wall Street banks set aside $39.2 billion to pay their workers in the first quarter.That’s up 9% from a year ago, driven in part by a return to bubble-era profit levels.
The gains came even as the staff at the big six banks — Citigroup, Bank of America (BAC, Fortune 500), Wells Fargo, JPMorgan Chase (JPM, Fortune 500), Morgan Stanley and Goldman — shrank by 2%.
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