(Bloomberg) -- Wall Street profits fell 13% in the first half of the year to $8.7 billion, signaling a potential second straight annual decline, according to a report from New York Comptroller Thomas DiNapoli.
Legal settlements tied to banks role in triggering the financial crisis are depressing profits after a 30% decline last year to $16.7 billion, DiNapoli said in the report released today. At the same time, bonuses, which rose 15% on average last year to $164,530 -- the highest since the financial crisis -- may climb again as a result of payments deferred from previous years, he said.
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