In wake of tragedies, BofA tasks senior execs with overseeing junior banker workload

Quick Summary:

Bank of America  is picking volunteers or assigning the role to the senior bankers, who are no longer dealmakers, the person said.

Bank of America’s efforts come after a series of tragedies involving young people that have shaken the investment banking sector.

Young executives typically spend several years as a junior banker, including two as an analyst and two to three years as an associate, before they move up to vice president.

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Article Details

Author / Journalist: Luisa Beltran

Category: EconomyBusiness

Markets: United States

Topics: Jefferies Financial Group Brian Moynihan Bank of America Wall Street

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 22:42:50 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 116 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27117398

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Official Website: fortune.com

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