Reported 1 day ago
Bank of America is set to raise its bonus pool for investment bankers by approximately 10% for the previous year, with some bankers receiving lower payouts in the mid-to-high single digits, while top performers may exceed the 10% increase. The bonuses will be distributed in February following the bank's fourth-quarter earnings announcement. This increase follows a surge in dealmaking, including mergers and acquisitions, and strong underwriting activity.
Source: YAHOO