Bonuses are poised to recover on Wall Street this year, fueled by strong equity market gains and recovery in investment banking, according to financial services compensation firm Johnson Associates. Investment bankers helping companies issue debt are expected to have the highest raises in bonuses this year, from 15% to 25%, as companies sell record volumes of debt. As initial public offerings come back, bonuses for equity underwriters are expected to rise 10% to 20% this year.
The Czech Republic’s highest court on Tuesday ruled to dismiss part of a law requiring people to undergo gender-affirmation surgery, including sterilization, in order to officially change their gender. The Constitutional Court said the requirements are “unconstitutional” and “in conflict with the fundamental right of trans people to have protected their physical integrity and personal autonomy in connection with their human dignity.” The court ruled at the request of a person who was seeking a gender change.