News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

KBW pay jumps as profits halve

Profits at Keefe, Bruyette & Woods nearly halved last year as the US specialist financial services investment bank suffered from the fall off in activity in the wake of the credit crunch.

Despite the drop in KBW’s profits, which fell 49% to $27.3m (€18.5m) compared to 2006’s record results, compensation costs at the bank continued to rise.

WSJ Logo