Bonus watch

| NY Torch

Forecasters at the Centre for Economics and Business Research in London think that securities-industry bonuses there will plummet 60 percent this winter. London bankers reaped the equivalent of $17 billion in bonuses in 2006, the peak year; in New York, the peak figure, reached in 2007, was $33 billion. (via FT’s “Closing Doors” article on p7 of today’s paper, not online)