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NEW YORK CITY-Given high volatility in the stock market, a sluggish domestic economy and uncertainty due to the European sovereign debt crisis, Wall Street profits, jobs and bonuses are likely to drop by the end of 2011, according to a new report from the New York State Comptroller Thomas P. DiNapoli. The weakened outlook has been prompted by the OSC’s estimation that the city could lose nearly 10,000 jobs by the end of 2012, which would bring total job losses in the securities industry to 32,000 since January 2008.

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