B of A to defer some bonuses over three years

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Bloomberg.com: Worldwide: "Bank of America Corp. is deferring payment of 2008 bonuses of $50,000 or more at its capital markets and investment banking units over three years, according to people familiar with the matter.

Employees who had expected a bonus this month based on their 2008 work will instead get most of it in three annual installments, starting in February 2010, said the people, who declined to be identified because the plan isn’t public."

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