NEW YORK, Dec 19 (Reuters) – Bank of America will boost bonus payouts for its best performing investment bankers after a surge in deals this year, according to two sources familiar with the matter.
Top dealmakers could get increases of about 20%, while payouts could be flat for mid-level performers, one of the sources said. Year-end compensation discussions are still in progress and the numbers could change.
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Last year, the second-biggest U.S. bank increased average bonuses by 10%. The bank traditionally informs bankers about the payouts in January.
BofA declined to comment.
Reporting by Saeed Azhar and Milana Vinn, editing by Lananh Nguyen
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