Wall Street Bonuses May Reach Lowest Level in 3 Years

Wall Street banks will announce their annual compensation and bonuses starting this month, and forecasts are generally expecting cutbacks across the board though the rewards will still be rich at least by non-1 percenter standards.

Wall Street is bracing for a dismal 4th quarter

For most Wall Street bankers, 2011 was a year they would rather forget. Investors will soon find out just how bad that year was for the country's biggest financial institutions.