BoA increases salaries for EU managers as tougher bonuses rules approach

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Source: Bloomberg
Bank of America Corp, the second largest financial institution in the U.S., announced an increase in salaries for its managers in the European branch by about 20% to $500,000. The reason behind the pay rise lies in coming tougher rules on paying bonuses in the EU, which will start working in 2015. Today, Bank of America Corp. equities are trading up 0.1% to $16.37 at pre-market in New York.
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