Wall Street Prepares for Disappointing Bonus Season

The video discusses the challenges faced by Wall Street in 2020, with expected declines in bonuses, especially for advisory bankers. Fixed income traders are seeing opportunities as they consider moving to the buy side. Hedge funds are attracting traders with lucrative offers, contrasting with banks' stricter policies. The discrepancy in compensation is highlighted, with hedge funds performing well despite a tough year for the buy side.

What was the expected trend for Wall Street bonuses in 2020?

• A decline in bonuses, especially for advisory bankers

• A significant increase in bonuses for advisory bankers

• Bonuses remaining the same as the previous year

• An increase in bonuses for all bankers

Which group of traders was expected to have a better year in 2020?

• Advisory bankers

• Equity traders

• Retail bankers

• Fixed income traders

What is a major risk for banks when traders move to the buy side?

• Loss of experienced traders to hedge funds

• Increased regulatory scrutiny

• Decreased client trust

• Higher operational costs

Which hedge fund was mentioned as attracting traders from Goldman Sachs?

• Two Sigma

• Renaissance Technologies

• Point 72

• Bridgewater Associates

What challenge is Wall Street expected to face by the end of the year?

• Expansion into new markets

• Significant declines and job cuts

• Higher bonuses for all employees

• Increased hiring