Wall Street bonuses expected to rise in 2010, but still below 2007

Wall Street bonuses and incentive compensation are expected to rise over last year, but still remain below 2007 highs, according to a new industry analysis.

Johnson Associates predicts a small increase this year in incentive compensation for financial services employees. Asset management and prime brokerage businesses might see up to 15 percent increases over 2009 levels.

The report also found investment and commercial banking pay has been hampered by market volatility and financial worries in Europe.