Bank of America Cuts 150 Junior Jobs in Investment Banking, Sources Say

Investment banking activity had picked up in recent months, with Wall Street executives cheering the business-friendly tone of President Donald Trump’s administration. But U.S. mergers and acquisition activity in the first two months of 2025 has seen just 1,603 deals signed through Friday, making it the slowest pace by volume since 2009, Dealogic data showed.…

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Most Employee Bonuses Last Year Were Expected to Match 2023 Levels

Bonuses in the financial services industry were expected to soar anywhere from 5% to 35%, the best performance since 2021, a report by Johnson Associates found. “The economy was much better, and then markets were up dramatically,” said Alan Johnson, the company’s founder, explaining why bonuses were expected to surge. “I think people were expecting…

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