Investment bankers at Bank of America Corp. (NYSE: BAC) will likely receive bonuses similar to what they earned in 2007, according to the Wall Street Journal on Thursday.
According to the report, Bank of America bankers are expected to receive 2009 bonuses equal to 2007 levels, with about 25 percent in cash and the rest as deferred payments of stock or cash tied to the company's performance.
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Merrill Lynch, which was acquired by BofA, paid out $5.8 billion in year-end bonuses in 2007. However, BofA’s bonuses were not disclosed.
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