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 star performers will get higher payouts, according to a source familiar with the matter. 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. The bank began informing investment bankers and traders about their 2023 bonuses on Friday, the source said.
Bank of America bonuses for dealmakers, traders are broadly flat -source
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Bank of America bonuses for dealmakers, traders are broadly flat -source
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.