Wall Street bonuses in fresh fall

Wall Street cash bonuses for 2011 fell to their lowest level in three years as volatile trading and stiffer regulations took a toll on profits, said New York State’s comptroller yesterday. The securities industry's bonus pool was expected to total $19.7bn, comptroller Thomas DiNapoli said. That would be down 14 per cent from 2010 but well short of the 30 to 40 per cent cuts predicted by some industry consultants. But lay-offs resumed, with Wall Street cutting 4,300 jobs between April and December, he said.