Wall Street bonuses fell 9% in 2015 after new regulations and decline in profits

The figures reflect a steady decline in bonuses since the financial crisis in 2008 and the implementation of new controls on how bonuses are awarded

Wall Street bonuses fell 9% to an average of $146,200 in 2015, driven down by a "challenging year in the financial markets" and new regulations, according to New York state comptroller Thomas DiNapoli.

The decline in the banking bonuses was the result, in large part, of a 10.5% decline in profits on Wall Street to $14.3bn in 2015, according to the report from the watchdog.