BofA Taps Brakes on Risk, Spurring Banker Departures

  • After reaching a record in 2017, Bank of America's fees for advising on deals tumbled 27 percent in the first quarter from a year earlier, the steepest drop among big U.S. banks.
  • Since March, when an internal probe of the Steinhoff dealings wrapped up, the bank's sales of emerging-market debt have declined by more than a third compared with a year earlier, even as the market for new bonds grew.
  • The bank has lost more share than any peer in arranging new equity deals in Europe, the Middle East and Africa this year.
  • And it recently fell behind JPMorgan Chase & Co. in offering leveraged loans in the U.S. this year, a market it's dominated since early 2009.

Moynihan is big on "responsible growth", but seems like he's more interested on the former than the latter.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (2)

Jun 7, 2018 - 10:57am

Hey I'm actually a squirrel, I'm the WSO Monkey Bot and I am sad to say, but this thread is lonely, so thought I'd post in here to try and help out. Some potential topics that might help:

  • Donald Trump, The President of the United States, Announces That He Will Be Imposing Tariffs On Imported Aluminium and Steel countries impose their penalties on the U.S. In the WSJ: ... have taken advantage of the United States. Mr. Trump finds himself at odds with his party's ... President Trump sent the United States' trading partners abuzz when he announced last week he ...
  • Bank of America Online Assessment Test and Application Process know what that Bank of America online assessment test covers? Here's what I've gathered. BOA ... Investment Banking Interview Course Here test assessment Bank of America Merril Lynch Investment Banking ... characteristics Part 2: Your attributes in the workplace Part 3: Your relationship with others Examples of
  • BAML First Round Video Interview interview'- has anyone taken it? what should I expect? Bank of America On Demand Video Interview Similar to ... interviews. Read more about Bank of America Merrill Lynch on the WSO Company Database. Decided to Pursue ... just received a first round video interview from BAML- it's an 'on demand ...
  • A One Stop Shop For All Things Diversity Recruiting- The Most Exhaustive List On WSO undergraduate camp blackstone Bank of America BAML Barclays credit suisse overcome Goldman Sachs lazard Citi UBS ... Every Fall BAML- Global Banking & Markets Scholarship of Distinction Description: scholarship of ... Internships- Junior BAML- Global Banking & Markets Scholarship of Distinction Descri
  • Welfare State: Handouts Make Up One-Third of U.S. Wages This should be an intersting debate. CNBC: Welfare State: Handouts Make Up One-Third of U.S. Wages ... of total wages and salaries of the U.S. population, a record figure that will only increase if action ... data. "The U.S. economy has become alarmingly dependent on government stimulus," said Madeline ...
  • Netflix true crime series Narcos spurs huge demand for Colombian women largely from the points of view of Escobar (Brazilian actor Wagner Moura) and U.S. DEA Agent Steve Murphy ... show "Narcos" takes on the infamous Medellin drug cartel which follows the rise and fall of ... (Boyd Holbrook), on opposite sides of what would become an all-out war. Many critics of true crime ...
  • Which U.S. States are the Worst? In another thread, I said that if my comment got SB'ed, I would make a thread about which US ... states are the worst. So, which states are the worst? Saying Idaho gets you monkey shit. idaho to Sunday, ... /forums/investment-banking-interview-questions-a-comprehensive-guide">IB Interviews- Questions ...
  • More suggestions...

Maybe one of our professional members will share their wisdom: CluelessApe JMFG Abc123dfg

Fingers crossed that one of those helps you.

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
May 5, 2021 - 10:23pm

Quibusdam esse earum est debitis. Accusantium repudiandae in magnam. Nihil quo est harum odit.

Start Discussion

Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (234) $234
  • 2nd Year Analyst (144) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (514) $136
  • Intern/Summer Analyst (394) $84