Bankers and traders may see a dip in bonuses this year, according to a salary report. Emolument, a U.K.-based salary benchmarking website says that bankers who are responsible for mergers and acquisitions are likely to see their bonuses fall by 4 percent while currency and commodity traders could see a 9 percent slash in their bonus due to “heavy losses” across many trading desks this year.

A managing director under the commodity traders group is expected to receive a bonus of  £265,000, which is a sharp drop compared with £290,000 last year, the report highlighted.