BofA Said to Cut Bonus Pool for Equities Traders Up to 10%
This article is for subscribers only.
Bank of America Corp. cut the bonus pool for equities traders and sales staff by as much as 10 percent as the division’s revenue declined last year, said three people with knowledge of the matter.
Employees were told Thursday about their bonuses, which will be paid in mid-February, said the people, who asked not to be identified discussing compensation details.