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Bank of America Bonuses

Regulators May Force Wall Street To Defer Half Of Executives' Bonuses, Wall Street Journal Reports

Reuters | Ben Klayman and Will Dunham | Posted 05.25.2011 | Business

(Reuters) - U.S. regulators will propose that major financial firms defer at least half of bonuses paid to top executives for at least three years...

BofA Banker Bonuses Down, But Cash Awards Up

Posted 05.25.2011 | Business

CHARLOTTE, North Carolina (By Joe Rauch) - Senior investment banking executives at Bank of America Corp will likely see as much as 80 percent of thei...

Bank Of America-Countrywide Settlement: Bank Will Pay $108 MILLION

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two year...

Bank of America Bankers To Get Average Bonus of $400K

bloomberg.com | David Mildenberg | Posted 05.25.2011 | Business

Feb. 3 (Bloomberg) -- Bank of America Corp., the nation's largest lender, will pay investment-banking employees bonuses of about $4.4 billion for last...

Brian Moynihan Salary 2010: Bank Of America CEO To Make $950,000

AP | IEVA M. AUGSTUMS | Posted 05.25.2011 | Business

CHARLOTTE, N.C. — Bank of America's new CEO, Brian Moynihan, will make a salary of $950,000 a year, a person familiar with his pay package said ...

What's Wrong With Bonuses?

Adam Taylor | Posted 05.25.2011 | Business
Adam Taylor

The bonus arms race began in the 80s, and has shown little sign of abating. In practice this has meant that bonuses have ceased to be performance related at all; instead, just a guaranteed sum.

Judge Refuses To Approve Bank of America-SEC Settlement Over Exec Bonuses

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) - A federal judge refused to approve a settlement between a top U.S. regulator and Bank of America Corp (BAC.N) over executive bonu...

BofA Bonuses: Bank Pays Millions, Despite Bailout

New York Post | MARK DeCAMBRE | Posted 05.25.2011 | Business

Bailed-out Bank of America has been doling out millions in bonuses in an effort to lure talent and keep investment bankers who management views as vit...

Banks Use Life Insurance To Pay Bonuses

Wall Street Journal | ELLEN E. SCHULTZ | Posted 05.25.2011 | Business

Banks are using a little-known tactic to help pay bonuses, deferred pay and pensions they owe executives: They're holding life-insurance policies on h...

Govt: Bank Of America Threatened To Sue Employee Willing To Talk About Bonuses

ABC News | RICHARD ESPOSITO | Posted 05.25.2011 | Business

The battle for bonus figures in the New York State investigation into the merger of Merrill Lynch and Bank of America got even uglier today, with the ...

BofA CEO Lewis Flies In Private Jet, Refuses To Answer Questions

ABC | RICHARD ESPOSITO and JOANNA JENNINGS | Posted 05.25.2011 | Business

In just one day, the president of Bank of America, Ken Lewis, managed to defy both President Barack Obama and New York Attorney General Andrew Cuomo. ...