Bank of America Corp. is poised to boost bonuses for many of its bond traders and trim payouts for those handling stocks, people with knowledge of the matter said. The combined compensation pool will drop significantly, though fewer workers will divvy the rewards.
Senior executives have earmarked as much as 10 percent more to pay the fixed-income division’s staff for 2016 after weighing the impact of fewer employees, the people said, asking not to be identified because the decisions are private. The bank carved out about 5 percent less for equities traders after that business slowed. Individual trader’s payouts could vary from those figures, depending on which products they handle.