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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Atop Wall Street’s largest investment banks, executives are locking in plans to award traders and dealmakers their biggest bonus increases since the pandemic, with 10% hikes — or more — coming for many desks, according to people briefed on the plans.
At Bank of America Corp., that’s the average increase in store for investment bankers and traders handling stocks and fixed-income products, people with direct knowledge of the decisions said, asking not to be named discussing personnel matters. At Morgan Stanley and larger rival JPMorgan Chase & Co., bonuses will rise more than 10% for traders, people familiar with their deliberations said. And for JPMorgan’s investment bankers, bonuses will rise roughly 15%.