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Bank of America Jolts Traders With Flat Bonus Pool in Omen for Wall Street

  • Across banks, many hope for bigger payout from trading bonanza
  • BofA execs may still lobby for increases before final decision
Brian Moynihan
Brian MoynihanPhotographer: Simon Dawson/Bloomberg

Bank of America Corp.’s leaders are planning year-end bonuses that break with Wall Street traders’ hopes for hefty raises after a record-setting run.

Senior executives are floating plans to keep the bonus pool for sales and trading at last year’s level, despite a 20% jump in revenue during the first nine months of this year, according to people briefed on the talks who spoke on the condition of anonymity. The process is still in an early stage and will go through rounds of negotiation and approvals.