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Bonus Watch '09: BAC

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Oh, this is going to chap some Bank of Amerillwide hide. The FT reports that the firm plans to defer bonus payments to capital markets and investment bank employees this year, though a spokesman for BoA claimed he wasn't aware of the news. The policy will affect payments of $50,000 or more, with staff that was supposed to receive cash-money next month waiting until February 2010 to get the first third of its bonuses, and the remaining two-thirds in 2011 and 2012.
Related? Setting The Story Straight On The Merrill Bonus Rage