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Wall Street bonuses are projected to jump for the third year in a row as market volatility fuels trading demand and dealmaking makes its long-awaited comeback. For investment bankers who advise corporate clients on deals, incentive pay is poised to be up 10% to 20% or more from a year earlier, according to Johnson Associates. Katherine Doherty has more.

The fight for talent in the hedge-fund industry has reached new extremes, with hedge funders using maneuvers like "gazumping" to grab more money for themselves, resulting in a vicious price spiral. Just how much gazumping is going on is unclear, but recruiters say some traders now are securing pay packages of $50 million or more. Clients end up footing the bill for these practices through opaque "passthrough" fees. Bloomberg's Tom Metcalf reports.