Skip to main content

Bonus Watch '09: BAC

Numbers came out today for most groups at Bank of Amerillwide, including capital markets and investment banking, with debt portfolio management coming next week.
- First year associates: 10k stub
-2nd/3rd year associates, VPs, MDs: down 75-80 percent, across the board, with associates to principals in global structured products receiving zero (and some MDs receiving basically zero); Conduit group-- which had a record year-- got zero; Real estate syndications got zero.
*We're reminded that structured finance got zero last year as well. Give it up for just base, no bonus for 24 straight months and counting!