Wall Street bonuses set to sink in 2020 after 3% rise in 2019
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NEW YORK (Reuters) - The average Wall Street bonus is poised to sink this year after growing 3% in 2019 to $164,000 (139,717 pounds), as the coronavirus pandemic causes steep losses in the financial industry, according to a report released by a top New York state financial regulator on Tuesday."The securities industry had a good year in 2019, but the serious damage that COVID-19 is inflicting on financial markets and the global economy will sharply reduce industry profits this year," New York..