2010 banker bonus

Reuters/IFR conducted a global poll of bankers which revealed that from Wall Street to the City of London to Hong Kong's Central District, bankers are bracing for bonuses to be down 7 percent on average from a year ago, and higher salaries will only partially cushion the hit.

A number of the industry experts expect 30% decline after weak trading results that are depressing bank profits and shrinking the bonus pool.

Bankers are known to rely heavily on year-end bonuses for a large portion of their yearly compensation.