This translates into fewer jobs and smaller bonuses. Pay, including bonuses, for 2011 will be about 30pc lower on Wall Street than in 2010, according to Johnson Associates, a compensation consultant. Investors, though, are already looking beyond that. After a torrid performance over the past 12 months, shares of the major Wall Street banks have staged a rally so far this year on hopes that the latest wave of cheap money from the European Central Bank will ease the crisis.