Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Trump Sues BBC for Defamation Over Edited Capitol Riot Speech Clip 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
Bank of America’s bonus pool for investment bankers is expected to rise by 10% for 2024, according to a source familiar with the matter. However, payouts will vary, with some receiving increases in the mid-to-high single digits and top performers exceeding the 10% benchmark, other sources revealed.
The bonuses, scheduled for February distribution, will follow the bank’s fourth-quarter earnings announcement on January 16. This boost reflects a surge in global dealmaking during 2024, driven by mergers, acquisitions, and robust bond and equity underwriting activity.
BofA Securities secured third place in global investment banking fee rankings for the fourth quarter, earning $1.4 billion in revenue—a significant jump from $958 million during the same period in 2023, as reported by Dealogic.
Wall Street compensation is also trending upwards, marking the first substantial increase since 2021. Johnson Associates, a leading compensation consultancy, predicted higher bonuses across financial firms, citing factors such as the Federal Reserve’s rate cuts, record equity market performance, and a rebound in transactional activity.
Bloomberg first reported the anticipated bonus increases, which underscore a strong year for Bank of America and the broader financial sector.
