BUSINESS

Wall Street Hiring Jumps Most Since 2008 As Guarantees Return

Aug 28, 2010 | Updated May 25, 2011

Leverage is back on Wall Street -- and this time it's the bankers who have it.

Firms are adding jobs for the first time in two years, rebuilding businesses cut during the financial crisis and offering guaranteed payouts to lure top bankers. In New York, 6,800 financial-industry positions were added from the end of February through May, the largest three-month increase since 2008, according to the New York State Department of Labor.

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