Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
A Wall Street sign next to the New York Stock Exchange. Photo: Spencer Platt/Getty Images
Average bonuses for Wall Street bankers grew to $184,220 in 2017, Bloomberg reports, making it the largest bonus increase for bankers since 2006. “The large increase in profitability over the past two years demonstrates that the industry can prosper with the regulations and consumer protections adopted after the financial crisis," New York State Comptroller Mike DiNapoli said in a statement.
Why it matters: Decreased regulation from the Trump administration and an increase in debt-underwriting revenue increased the bonus pool. “It is too soon to tell how increased volatility in the financial markets might impact profits in 2018,” DiNapoli said.