While the world according to Wall Street may be under more scrutiny than ever, the banking industry continues to dole out huge cash bonuses to its most industrious movers and shakers.
The Los Angeles Times reported on Tuesday that bonuses for top performers in 2012 averaged $121,900, according to a report by the state of New York comptroller, Thomas DiNapoli. The amount is a nine-percent increase over last year.
“Wall Street is still in transition, but it is slowly adjusting to changes in its economic and regulatory environment,” DiNapoli said in a statement. "Profits and bonuses rebounded in 2012, but the industry is still restructuring."