
A recent investigation has highlighted the intense working conditions faced by young investment bankers at Bank of America, following the death of a former Green Beret in May who was working over 100 hours a week. Reports reveal that junior bankers, including a BofA analyst in New York, are often pressured to work excessively long hours, sometimes up to 100 hours per week, and are instructed to underreport their hours. Despite existing internal rules to prevent such dangerous workloads, these practices persist. This has led to serious health incidents, including hospitalizations, and has sparked an outcry for the bank to be held accountable. In response, Bank of America has urged its bankers to accurately report their working hours.
Scoop from @ajsaeedy: Bank of America on Monday urged young bankers to accurately report the hours they work after a @WSJ investigation found bankers are often pressured to ignore rules meant to prevent dangerous overwork. https://t.co/XVztF9Oemb
Exclusive: Bank of America is urging young bankers to accurately report the hours they work after an investigation by WSJ found bankers are often pressured to ignore rules meant to prevent dangerous overwork https://t.co/pQnt74kIri https://t.co/pQnt74kIri
"BofA Tells Bankers to Report Bosses Who Pressure Them to Underreport Hours" (WSJ) Reminder: the 2021 revolt among GS IBD analysts (with the slide deck) was led by an analyst* whose father just happened to be a vice chairman at TPG The analyst is now in PE (at Leonard Green) https://t.co/mFi4tceKkc https://t.co/5bQnJaMbYH



