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Bank of America to hand out pay hikes to junior investment bankers: memo – Reuters

Bank of America Corp will raise the salaries of its junior investment bankers starting May 1, according to an internal memo seen by Reuters, in a show of recognition…

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By Reuters Staff
FILE PHOTO: Pedestrians are reflected in the window as customers conduct transactions at a Bank of America ATM in Washington July 19, 2011. REUTERS/Kevin Lamarque/File Photo
(Reuters) – Bank of America Corp will raise the salaries of its junior investment bankers starting May 1, according to an internal memo seen by Reuters, in a show of recognition for their work during a year when deal-making activity remained high amid the COVID-19 pandemic.
Wall Street is known for its tough…

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