Merrill Lynch execs to receive shrunken bonuses

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How bad will the bonus blues be at Bank of America Merrill Lynch? This year, bonuses will be down more than previously expected. Overall, bonuses will likely 40 percent less than last year, according to FOXBusiness. Fixed-income traders will likely suffer most; bonuses on average will likely be lower by 60 percent. In equities, bonuses will fall an average of 40 percent. Thundering Herd brokers will get about 17 percent less. Article