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Bank of America: Investment Banking Chief’s $16.5m Pay-out Explained

Bank of America has announced salary increases for its top executives in the investment banking division, despite a challenging year marked by a significant slowdown in deal-making activities.

The Bank of America Corporation is an American multinational investment bank and financial services holding company. Photo: Getty Images
The Bank of America Corporation is an American multinational investment bank and financial services holding company. Photo: Getty Images

Leading the charge, Matthew Koder, who heads the corporate and investment banking division,

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