Reuters exclusively reports BofA bolstering Asia dealmaking team

Reuters exclusively reported Bank of America Corp will recruit about 50 bankers for its investment banking team in Asia this year, as it pushes to bolster its dealmaking business and shore up revenues from the unit. BofA’s Asia headcount expansion comes against the backdrop of a subdued recruitment outlook for the broader investment banking business as global lenders grapple with cost pressures and slowing M&A momentum.