Wall Street bonuses expected to decline for bankers, traders: report

Compensation for both stock and bond traders could fall as much as 15 percent. While many banks posted a rise in fixed income trading during the second quarter, Wall Street firms have watched bond trading revenue fall for about seven years as new regulations on trading and capital have curbed profits.

Banks are setting aside less money for pay. Goldman Sachs Group Inc (GS.N), for example, cut compensation and benefits expense by 13 percent during the second quarter.

(Reporting by Olivia Oran in New York- Editing by David Gregorio)