Wall Street Bonuses Surge: Trading & AI Impact
Wall Street bonuses are set for a second year increase, driven by trading, advising revenue, and stock market growth. AI may cut jobs. Equity trading bonuses to increase most.
Ken Moelis to Step Down as Moelis & Co. CEO
Ken Moelis will step down as CEO of Moelis & Co. after a career featuring deals and advising Donald Trump. Navid Mahmoodzadegan will replace him. The firm previously bet on boutique deals during the 2008 crisis.