UPDATE 1-Bank of America bonuses for dealmakers, traders are …

Jan 26, 2024 · The company's traders can expect flat or modestly higher bonuses, except for standouts in mortgages and credit, who will receive high single-digit percentage increases over 2022, the source said.

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Bank Of America Bonuses For Dealmakers, Traders Are Broadly Flat ...

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Jan 26, 2024 · Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but star performers will get …

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Bank Of America Bonuses For Dealmakers, Traders Are Broadly Flat

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Jan 26, 2024 · NEW YORK (Reuters) -Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but …

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Bank Of America Bonuses For Dealmakers, Traders Are Broadly Flat ...

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Jan 26, 2024 · Bank of America's BAC bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but star performers will …

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Bank Of America Cuts Dealmaker Bonuses By 30% As Fees Are …

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Jan 25, 2023 · Bank of America has cut bonuses for its dealmakers by around 30% this year, as Wall Street banks squeeze pay after a year of tumbling investment banking fees. The US bank …

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Bank Of America Bonuses For Dealmakers, Traders Are Broadly Flat

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Jan 26, 2024 · By Saeed Azhar NEW YORK (Reuters) - Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a …

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Bank Of America Bonuses For Dealmakers, Traders Are Broadly Flat ...

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Jan 26, 2024 · By Saeed AzharNEW YORK (Reuters) -Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a …

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Bank Of America Bonuses For Dealmakers, Traders Are Broadly Flat ...

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Jan 26, 2024 · By Saeed Azhar NEW YORK (Reuters) - Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure fro... Bank of …

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FAQs about UPDATE 1-Bank of America bonuses for dealmakers, traders are … Coupon?

Why did Bank of America cut bonuses?

Bank of America has cut bonuses for its dealmakers by around 30% this year, as Wall Street banks squeeze pay after a year of tumbling investment banking fees. The US bank communicated staff bonuses on 25 January. Dealmakers and headhunters told Financial News that the pool was down by around a third. ...

Will bank of America's bonus pool be lower in 2023?

REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights NEW YORK, Jan 26 (Reuters) - Bank of America's (BAC.N) bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but star performers will get higher payouts, according to a source familiar with the matter. ...

Does Bank of America offer a business bonus?

Only one bonus ($200) per business customer, regardless of the number of businesses owned or operated by the customer. Bank of America employees are not eligible for this offer. Offer expires on December 31, 2024, and all qualifying activities must be completed within the stated time frames. Bank of America will attempt to pay bonus within 60 days. ...

What happened to US bank staff bonuses?

The US bank communicated staff bonuses on 25 January. Dealmakers and headhunters told Financial News that the pool was down by around a third. In areas where performance has dropped further, notably equity capital markets and leveraged finance, bonuses were down by 50% compared to a year earlier, people familiar with the matter said. ...

Does Bank of America have discretionary compensation?

Discretionary compensation at Wall Street banks is highly variable. Bank of America declined to comment. The company's trading revenue rose 1% to $3.8 billion in the fourth quarter, driven by a 12% jump in revenue from equities, while a pickup in dealmaking in the fourth quarter pushed up investment banking fees 7% to $1.1 billion. ...