N.Y. comptroller: Wall St. bonuses up 17%

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Banks had been expected to hand out near-record compensation for last year’s performance. Several banks earned huge profits in 2009, aided by billions in government bailout funds and a rebounding stock market.

State Attorney General Andrew Cuomo has pressed the nation’s eight biggest banks to reveal how much they plan to pay out in employee bonuses for 2009. Mr. Cuomo, a Democrat, also sought the size of the banks’ bonus pool would have been affected if the banks hadn’t received a taxpayer rescue at the height of the financial crisis in late 2008.

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