Merrill Lynch Execs have yet another reason to hate their marriage with Bank of America: much lower bonuses, according to Foxbusiness.
Bank of America, facing mounting legal liabilities and a sharp decline in its share price, is looking to preserve capital by dramatically slashing 2011 year-end bonuses in its investment bank--formerly known as Merrill Lynch--by as much as 40% from the prior year, senior people at the firm tell the FOX Business Network….
Read more: http://www.foxbusiness.com/industries/2011/12/14/bah-humbug-merrill-lynch-execs-to-get-lower-bonuses/#ixzz1gaF7nrsI
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