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Newsletter
Investment dealers enjoy another boom year
2006
Overview
\"It's still an environment conducive for us to do well but perhaps not as conducive as 2005,\" said Yvan Bourdeau, chief executive of BMO Nesbitt Burns, the securities arm of Bank of Montreal. That said, \"it's a business that can change quickly\" and the backlog of mergers and acquisitions and stock sales is healthy, he said. That's led to a crop of bankers exhausted from the hectic pace of 2005's deal-making and looking for healthy bonuses in return. After a similarly hot year, Wall Street investment bankers earned about $21.5 billion US in 2005 bonuses, up 30 per cent from $16.5 billion in 2004, according to an estimate from New York's state comptroller.
Publisher
Postmedia Network Inc
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