Wednesday, September 10, 2025
spot_img

Bank of America to increase bonus pool for employees

spot_img
- Advertisement -

Bank of America Corp is planning to increase the bonus pool for its employees, Bloomberg News reported on Friday, citing people briefed on the discussions.

Senior executives are planning to increase the bonus pool for investment bankers by more than 40%, while sales and trading operations could see a rise of more than 30% on average, according to the report.

U.S. banks are back to sweetening bonuses after a disastrous year in 2020, when COVID-19 hit markets and forced many to layoff workers and slash bonuses.

Last month, Goldman Sachs Group Inc and JPMorgan Chase & Co also laid out plans to raise their bonus pools for investment bankers by 40% and 50%, respectively.

Compensation firm Johnson Associates Inc said in November that bonuses for Wall Street staffers were expected to be at their highest last year since 2009, with investment bankers and equities traders in line for the biggest payouts.

Bank of America declined to comment on the report.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

How to Foster Workforce Skilling, Reskilling & Upskilling

Businesses in current times operative in a very volatile environment....

TCS to Retain Talent, Go Slow on Hiring as Wage Hikes Loom

Tata Consultancy Services (TCS), India’s largest IT services firm,...

HPE Hiring: Graduate Programs, Internships, Lateral Jobs- Apply

Hewlett Packard Enterprise (HPE) is actively hiring bright minds...

Cognizant’s Attrition has come down in the fourth quarter

Cognizant, one of the world's leading professional services companies,...

Infosys Hiring: 1500+ Jobs & 700+ Entry-level & Internship roles

Infosys, a global IT leader, has announced over 1500...

Paytm allows its employees to WFH, or Anywhere, jobs aspirants can apply

Indian digital payments and financial services company Paytm has...

Mental Health of the workforce: a look at legal framework in India

Mental health and well-being of the workforce are critical...

A female staff to pay 3 Lakh to ex-Employer for wasting office time

A British Columbia company recently found a female staff...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/