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Few on Wall Street were optimistic about bonus season this year — but stingy payouts have still managed to leave many disappointed. 

The consensus among most junior bankers is that most faced yet another year of s–tty comp, according to Wall Streets meme master Litquidity.

The finance-focused social-media account has been barraged with junior bankers complaining that bonuses this year were a bloodbath and across the board bad news.

Nowhere was that more evident than at Citi, where employees have been informed roughly 20,000 of their ranks will be culled.

While few expected anything too generous given the state of the bank, the lackluster comp only exacerbated the poor morale. 

Citi bonuses were straight-up disrespectful, one employee complained to Litquidity. 

Another chimed in that Citi payouts were savage across the board, while yet another banker called them absolute st.

For others, layoffs put things in perspective, Bonuses were way down but I still got one.

At Goldman Sachs, one employee said of the rank-and-file, Cant say anyone was really happy.

Another described compensation as unevenly distributed with the partners once again getting a good payout and lower-ranking employees getting shafted.

We said we would pay for performance and thats what guided our comp decisions across our businesses,” Tony Fratto, Goldman’s head of communications said.

At Americas largest bank, JPMorgan, compensation and morale remained relatively stable.

One employee even went so far as to call his bonus awesome. 

While it’s too early to know the overall trend for how each bank paid employees year over year — Bank of America has yet to tell employees their total compensation — the pools at most banks were smaller as a result of a continued slowdown in dealmaking.

Litquidity said the bonus season was expected — in part because of the widespread reports this year would be worse than last.

An annual report from compensation consulting firm Johnson Associates at the end of last year predicted bankers could see bonuses dropping 15% to 25% this season.

Most Wall Street professionals will have to wait another year for a rebound in year-end bonuses, Alan Johnson, managing director of the firm, said. For most it will be another disappointing year. 

Of course, the issue is that most bankers think theyre the exception to the rule and will be the outlier who gets compensated well.

At the same time, many young bankers have inflated expectations after receiving record bonuses for the 2021 fiscal year. 

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Those payouts had been fueled by record earnings — and a willingness to pay top dollar amid a labor shortage that led to a war for talent.

An annual report from compensation consulting firm Johnson Associates at the end of last year predicted bankers could see bonuses dropping 15% to 25% this season.

Most Wall Street professionals will have to wait another year for a rebound in year-end bonuses, Alan Johnson, managing director of the firm, said. For most it will be another disappointing year. 

Of course, the issue is that most bankers think theyre the exception to the rule — and will be the outlier who gets compensated well. At the same time, many young bankers have inflated expectations after receiving record bonuses for the 2021 fiscal year. 

Those payouts had been fueled by record earnings and a willingness to pay top dollar amid a labor shortage that led to a war for talent.

Indeed, management in 2022 had painted the bonus drought as a one-off, sources said. 

Unfortunately, that doesnt appear to be panning out.

The bar was so low for giving people a small percentage uptick that managers were certain 2023 would be better, a source said.  

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Matt Gaetz: Speaker Mike Johnson will request report into Trump’s attorney general pick is kept secret

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Matt Gaetz: Speaker Mike Johnson will request report into Trump's attorney general pick is kept secret

US House Speaker Mike Johnson has said he will “strongly request” a report into allegations of sex trafficking against Matt Gaetz, who is the president-elect’s choice of attorney general, should not be released.

Mr Johnson said he was against publishing the House Ethics Committee report on Mr Gaetz, 42, who if approved by the Senate will become the nation’s top prosecutor once Donald Trump is sworn in as president on 20 January.

That’s despite Mr Gaetz having previously faced a nearly three-year Justice Department investigation into sex trafficking allegations involving a 17-year-old girl. He denies the allegations and has not faced criminal charges.

Mr Gaetz has also never worked as a prosecutor and has only worked in law for a few years at a local level.

He stepped down from Congress after Mr Trump announced him as his attorney general pick.

His resignation brought the investigation by the House Ethics Committee to an end – two days before it had been expected to release its report into the trafficking claims.

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Why is Matt Gaetz a controversial pick?

House Speaker Mr Johnson, a Louisiana Republican, said of the probe: “I’m going to strongly request that the Ethics Committee not issue the report, because that is not the way we do things in the House.”

Politicians of both parties on the Senate Judiciary Committee have said they want to see the report on Mr Gaetz, as part of a Senate confirmation process for cabinet nominees that would start next year with public hearings.

Democrats have described the MAGA loyalist as “a gonzo agent of chaos” and his appointment a “red alert moment for our democracy”, while some Republican senators have also raised doubts about his suitability for the role.

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Mr Johnson said he planned to urge House Ethics Committee chairman Michael Guest not to provide the report to the Senate Judiciary Committee.

“The rules of the House have always been that a former member is beyond the jurisdiction of the Ethics Committee,” said Mr Johnson, who returned on Friday morning from meeting Mr Trump at the president-elect’s Mar-a-Lago resort in Florida.

“I think it’s a terrible breach of protocol and tradition and the spirit of the rule,” he added. “I think that would be a terrible precedent to set.”

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Mr Johnson had said on Wednesday that as Speaker he could not be involved in deciding whether or not to release the report.

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Jake Paul v Mike Tyson: How to watch, undercard and event details

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Jake Paul v Mike Tyson: How to watch, undercard and event details

YouTuber-turned-boxer Jake Paul is taking on one of boxing’s greatest-ever fighters tonight in former undisputed world champion Mike Tyson.

The heavyweight bout is being labelled by some as Paul’s toughest test yet, despite the 30-year age gap between him and Tyson.

The fight was originally scheduled for 20 July, but was delayed after Tyson fell ill on a flight due to an ulcer flare up in May.

It’s going to be a co-main event alongside a highly-anticipated rematch between undisputed super lightweight champion Katie Taylor and unified featherweight champion Amanda Serrano.

Katie Taylor, Mike Tyson, Jake Paul and Amanda Serrano, from left, pose for photos during a news conference promoting their upcoming bouts. Pic: AP
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(Left to right) Katie Taylor, Mike Tyson, Jake Paul and Amanda Serrano. Pic: AP

Here’s everything you need to know about the hotly anticipated fight and how to watch.

Who are the fighters?

Jake Paul, 27, is an American YouTube star who made a name for himself on social media platform Vine. He made his professional boxing debut in 2020.

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His most high-profile fight so far was his clash with Tyson Fury’s brother Tommy Fury last year, which he lost by split decision.

“The Problem Child” has since defeated former UFC contender Nate Diaz, professional boxer Andre August, former Gold Gloves champion Ryan Bourland and most recently MMA fighter Mike Perry to earn himself a boxing record of 10-1.

“Iron Mike” Tyson, 58, retired from professional boxing in 2005 with a 50-6 record and as a former undisputed heavyweight champion.

The legendary fighter, who knocked out 44 opponents during his career, returned to the ring after 15 years in 2020 for a bout against fellow boxing icon Roy Jones, which ended in an unofficial draw.

Mike Tyson (black trunks) fights Roy Jones, Jr in 2020 bout. Pic: Joe Scarnici/USA TODAY Sports
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Mike Tyson (left) fights Roy Jones Jr in 2020 bout. Pic: Joe Scarnici/USA Today Sports via Reuters

Tyson’s fighting skills place him among the best heavyweight boxers of all time, but the age gap between him and Paul along with some potential ring rust are expected to level the playing field.

When is the fight and where will it be?

The bout is due to take place at the AT&T Stadium in Arlington, Texas, on Friday 15 November. The 80,000-seat capacity stadium is home of the Dallas Cowboys and is the biggest NFL stadium in the US.

The event is set to begin at 1am GMT on 16 November, with Taylor v Serrano scheduled for 3am GMT and Tyson v Paul at 4am GMT.

AT&T Stadium is shown in the fog before an NFL football game between the Green Bay Packers and Dallas Cowboys, Sunday, Jan. 15, 2017, in Arlington, Texas. (AP Photo/Tony Gutierrez)
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AT&T Stadium. Pic: AP

How can I watch it?

It will be aired on Netflix in what will be the first live fight ever on the streaming platform.

Jake Paul, who co-founded Most Valuable Promotions (MVP) in 2021, said his company signed with Netflix because it is “the biggest streaming platform in the world”.

Fellow MVP co-founder Nakisa Bidarian added: “Partnering with Netflix for this deal presents an unparalleled opportunity to bring Jake Paul v Mike Tyson to the world on an unprecedented scale.”

Do I need to pay for the fight?

Some good news for Netflix users; there is no additional cost for the streaming platform’s subscribers.

It’s not a pay-per-view event, but you won’t be able to watch it unless you have a Netflix account, which costs between £4.99 and £17.99 depending on what sort of plan you subscribe to.

Can I buy tickets?

Tickets are still available throughout the stadium via SeatGeek, with prices for regular seats ranging from $60 (£47.32) to about $7,400 (£5,914).

What are the rules?

The Texas Athletic Commission has sanctioned it as a professional fight which will count on the pair’s boxing records, but it has put some sanctions in place due to Tyson’s age.

There will be eight rounds lasting a maximum of two minutes rather than three, and both boxers will wear 14-ounce gloves, heavier than the usual 10-ounce.

What you need to know about Taylor v Serrano

Taylor and Serrano produced an epic when they became the first ever women fighters to headline at Madison Square Garden back in 2022, with the former edging a split decision that could have arguably fallen either way after 10 rounds.

Now over two years on from one of the greatest fights in the history of female boxing, undisputed super-lightweight world champion Taylor, 38, will put her belts on the line against unified featherweight champion Serrano, 36.

Katie Taylor, left, and Amanda Serrano pose for photos during a news conference in May. Pic: AP
Image:
Katie Taylor (left) and Amanda Serrano during a news conference in May. Pic: AP

The contest will mark a step in three weight classes from Serrano’s usual featherweight division as she seeks the biggest win of her glittering career.

Taylor will enter 23-1 having avenged her loss to Chantelle Cameron in May last year by winning November’s rematch via majority decision to become undisputed super-lightweight champion and a two-weight undisputed champion.

Serrano is meanwhile 46-2-1 having won all four of her fights since losing to Taylor, most recently beating Danila Ramos via unanimous decision after their 12-rounder in October.

Who is on the undercard?

There are five other fights on the bill besides the two co-main events – and two of them will see titles on the line. Here’s how it looks:

  • Mario Barrios v Abel Ramos – WBC welterweight title
  • Shadasia Green v Melinda Watpool – WBO super-middleweight title
  • Lucas Bahdi v Corey Marksman – lightweight
  • Bruce Carrington v Dana Coolwell – featherweight
  • Neeraj Goyat v Whindersson Nunes – middleweight

‘The fight of a lifetime’

Paul is not typically known for showing respect to his opponents. In the lead-up to his last fight against Tommy Fury, which he lost on points, Paul said Tyson Fury’s brother “boxes because he was told to do so by his dad”.

“He doesn’t have that real heart, that real fighter inside of him,” he added.

Few, however, would question Mike Tyson’s credentials, with Paul having adopted a more respectful approach to promoting the fight so far.

“My sights are set on becoming a world champion, and now I have a chance to prove myself against the greatest heavyweight champion ever – the baddest man on the planet and the most dangerous boxer of all time,” he said, adding: “This will be the fight of a lifetime.”

In a face-to-face posted on his YouTube channel on 10 November, Paul said winning would be “bittersweet” due to the respect he has for Tyson, but said it was “my time to shine”.

‘I plan to finish him’

Critics of the fight have said there is simply too big of an age gap between the two, with Tyson falling ill in May stoking talks over the fight being a mistake for the 58-year-old.

But the veteran has insisted he still has fuel left in the tank, claiming his body is “in better overall shape than it has been since the 1990s”.

“I’m very much looking forward to stepping into the ring with Jake Paul,” Tyson said – promising to “finish him” and his boxing career.

During the face-to-face, Tyson warned: “I’m not going to lose. I can’t even fathom losing.

“I think he thinks this is going to be a very easy night. It’s not going to be an easy night.”

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Low and inside: O’s will again alter LF dimensions

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Low and inside: O's will again alter LF dimensions

BALTIMORE — The Orioles are ready to adjust their wall in left field again.

The team moved the wall at Camden Yards back and made it significantly taller before the 2022 season. General manager Mike Elias said Friday the team “overcorrected” and will try to find a “happier medium” before the 2025 season.

The team sent out a rendering of changes showing the wall moved farther in — particularly in left-center field near the bullpens — and reduced in height.

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