As Bank of America continues to cope with fallout from the housing and mortgage crisis, the financial institution may have to pay some year-end employee bonuses in the form of stock because of a possible cash shortfall related to its buy-back of stock from the federal government.
Continue reading Bank of America May Pay Bonuses in Stock Due to TARP-Related Shortfall
Bank of America May Pay Bonuses in Stock Due to TARP-Related Shortfall originally appeared on DailyFinance on Mon, 08 Nov 2010 16:11:00.
Filed Under: Company News, Bank of America, Citigroup, Wells Fargo & Co, Real Estate
