Link: http://online.wsj.com/article/SB10001424052748703338504575041663923952520.html

Bank of America Corp. approved more than $4 billion in 2009 pay for its investment bankers and traders, meaning those workers will collect an average of $300,000 to $500,000 for the year, according to a person familiar with the matter. The payout represents about 19% of the roughly $23 billion in revenue generated by investment-banking and capital-markets activities, this person said. The 2009 average will be close to what the bank paid during its peak compensation year of 2006, this person said. The ratio of bonuses to total revenue was 27% during that year, with investment bankers and traders receiving a total of $6.5 billion.