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Wall Street bonuses rise 8% for 2012 but industry warns of looming layoffs

Guardian – Wall Street bonuses totalled $20bn in 2012 as the financial industry’s profits tripled in a year, despite layoffs and dire predictions for the future.

As public outrage over high Wall Street pay subsides, the securities industry is increasing its payout, according to a report released on Tuesday by New York state comptroller Thomas DiNapoli, whose office analyzes bonus data based on taxes paid to New York city and state.

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