Bank of America to Pay Bonuses for Staff Working Through Pandemic
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Bank of America Corp. plans to pay its employees special bonuses for their work throughout the pandemic.
The lender will give $750 to eligible staff who earn $100,000 or less annually, while higher-paid employees will receive a stock award, according to a memo to staff from Chief Executive Officer Brian Moynihan. The contents of the memo were confirmed by a bank spokeswoman.