Wall Street 2003 bonuses seen at US$10.7bil

NEW YORK: Wall Street workers can thank a surging stock market for their extra 2003 year-end windfall, with total bonuses expected to jump nearly 25% to US$10.7bil, said New York comptroller Alan Hevesi. 

This year’s bonus bonanza marks the first increase since the stock market downturn in 2000, and reflects a sharp rise from the US$8.6bil in bonuses paid by Wall Street banks and brokerages last year.