deutsche bank and barclays also going to have big bonuses but not quite as much peered 20% up at deutsche bank peered 25% expected at barclays. when you look at the trading desk, last year was a year where we saw incredible volatility. traders made a lot of money for their banks. this year, it was m&a and investment banking that drove profits we are expecting some of them are going to see us is down from what they were last year. taylor: in addition to covering investment closely, you have covered jp morgan for a while. the average worker at jp morgan, the median pay is $80,000. meanwhile, the president has a $20 million bonus over a span of three years. how does that play into next year where we have seen these concerns about disparity before, is that brewing? >> is a great question and something the banks are dealing with on the banking side is last year there was a record year for trading. they did not compensate the traders as well as traders thought they should have the whole economy is dealing with a great resignation. now the banks have understood if they want to keep this talent a